Waymo IPO plans: Can you buy this EV stock?

2 min read | December 30, 2021 08:38 PM AEDT | By Raza Naqvi

Waymo IPO plans: Can you buy this EV stock? — Image source: © Demidovichphotostock/Megapixl.com

Waymo IPO on the cards?

After the partnership announcement with Zeekr, potential investors are searching for Waymo's initial public offering (IPO) plans.

As of now, there is no announcement on Waymo IPO. Unfortunately, you cannot buy the autonomous vehicle maker's stock.

Waymo partners up with Geely.
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Waymo is the autonomous driving technology arm of Alphabet Inc (NASDAQ:GOOGL), the parent company of Google.

Waymo was started after a spin-off of the Google Street View project. In 2009, the California-based company started Project Chauffeur, a self-driving project.

Bottom line

The market for autonomous driving is expanding rapidly as the world faces a severe climate change issue.

Electric vehicles can help reduce carbon emissions and address the climate change issue. Waymo could benefit from the expanding EV market, and it could also consider going public as other EV companies have already gone public in the US equities market.

According to reports, five per cent of all new car sales were represented by EVs last year.

A Fortune Business Insight report notes that the global EV market will likely register a compound annual growth rate of 24.3 per cent by 2028, and it will value around US$ 1,318.2 billion.

Also Read: Cruise IPO: How to buy this autonomous car maker's stock?

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