Einride lists on Nasdaq at $1.35 billion

Einride began trading on the Nasdaq via a SPAC merger with Legato Merger Corp III at a $1.35 billion pre-money valuation. That is down from the $1.8 billion announced in November and far below the $5 billion discussed in earlier IPO talks. CEO Roozbeh Charli accepted the lower valuation to attract better investors.