CategoryAutomakers

Volvo's cut-price IPO marks one of Europe's biggest in 2021

Volvo bell-ringing ceremony Oct. 29, 2021
Volvo CEO Hakan Samuelsson, left, performs the official bell-ringing ceremony in Stockholm as the automaker is listed on the Nasdaq stock exchange, joined on stage by Joakim Alpsten and Par Arvidson from the company's finance team. (VOLVO)
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By:
Bloomberg
October 29, 2021 08:48 AM

STOCKHOLM -- Volvo Cars gained in its trading debut after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company's successful turnaround and promise of an electric future.

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