Volvo Valuation Revealed

  • 3 years ago
Volvo ($VLVLY@Sweden) Cars chose to reduce the size of its IPO on Monday, pricing itself at $18 billion. Previously, the firm said its IPO would be priced around $6.20 per share, but a $5 billion reduction in its value will slash the opening stock price. The firm also announced that it plans to earn about $2.3 billion from its IPO, reducing its projections by 20%. The Volvo IPO debuts October 29th on the NASDAQ Stockholm exchange.

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