The shares are listed on the Nasdaq Global Select Market

Davis Polk advised the manager in connection with an SEC-registered at-the-market offering by Arrival of its ordinary shares for up to an aggregate offering price of $300 million.  

Arrival is listed on the Nasdaq Global Select Market under the symbol ARVL. Arrival was founded with a mission to transform the design, assembly and distribution of commercial electric vehicles (EVs) and accelerate the mass adoption of EVs globally. The initial focus for Arrival is the production of commercial EV vans, buses and cars produced by local microfactories.

The Davis Polk capital markets team included partner Byron B. Rooney and associates Alaael-Deen Shilleh and Lincoln Jim. Partner David R. Bauer and associates Alison T. Chin and Edwin P. Paillant provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice. The tax team included partner Michael Farber. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.