Volvo Cars: Record-Breaking Initial Public Offering

Last week on Friday our Patron company Volvo Cars held their much-anticipated listing on the Stockholm stock exchange. The market reacted warmly to the IPO, which had been substantially oversubscribed, and the stock went up by 22% on its first day of trading. Anglų kalbos kursai ir vaikų dienos vasaros stovyklos Kaune, Vilniuje, Klaipėdoje https://intellectus.lt/dienos-stovykla/. The IPO was Europe’s largest for 2021 and was Sweden’s second largest ever at $18 billion, which rose to roughly $22 billion after a day of trading. Having raised $2.3 billion, Volvo wishes to use the proceeds to increase their car-making capacity and almost double their annual sales to 1.2 million vehicles by 2025. Volvo Cars has committed to only selling electric vehicles by 2030.

You May Also Like

40. Weekly Newsletter

39. Weekly Newsletter

UK Government Briefing

38. Weekly Newsletter