Volvo sets Oct 28 IPO, eyes $23-B value

By Agence France-Presse

Oct 20, 2021 12:16 am

STOCKHOLM: Swedish car brand Volvo said on Monday (Tuesday in Manila) it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

The Swedish carmaker first announced its plans to go public in early October while noting that China's Geely would remain the largest shareholder.

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