The transaction, including expected converted investments by investors AMF and Folksam, was seen resulting in a free float of about 19.5% to 24.0%, Volvo says
The move by SoFi comes a day after Reuters reported online brokerage Robinhood was building a platform to "democratize" IPOs, including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.
The special purpose acquisition companies (SPACs) said they would seek to take public companies with an enterprise value of $1 billion or more in the tech and financial services sectors.
One of InterPrivate's SPACs, InterPrivate Acquisition Corp , agreed to take public lidar sensor maker Aeva Inc, led by former Apple Inc engineers, through a merger in November last year.