Harley-Davidson Inc. on Monday said its LiveWire electric motorcycle business will go public in a deal, valued at nearly $1.8 billion, with a London-based acquisitions firm.
LiveWire will be listed on the New York Stock Exchange under the symbol LVW. The deal is expected to close in the first half of 2022, Harley said in a statement.
Harley-Davidson will retain an approximate 74% equity interest in LiveWire. Jochen Zeitz, Harley’s, chairman, president and CEO, will serve as Acting CEO of the new company for up to two years. Ryan Morrissey, whose title is chief electric vehicle officer at Harley, will be president of the new company.