Harley-Davidson Inc. HOG, -0.57% said Monday its LiveWire electric motorcycle business will go public by merging with special-purpose acquisition corporation AEA-Bridges Impact Corp.
in a deal with a pro forma enterprise value of about $1.77 billion. The company's stock is expected to list on the New York Stock Exchange, under the ticker"LVW.""LiveWire plans to redefine motorcycling as the industry-leading, all-electric motorcycle company, with a focus on the urban market and beyond," the company said in a statement. It will have about $545 million in cash to accelerate its go-to-market model and invest in new product development and manufacturing.