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IPO Oversubscribed Ahead Of Trading Debut Says Volvo Cars

Gothenburg-based Volvo Car said on October 29 that their Initial Public Offering (IPO) was oversubscribed, ''as it attracted strong interests from the institutional investors'' in Sweden's Stockholm. Reportedly, the IPO was priced at 6.22 dollars per share, and the company wishes to distribute nearly 380 million new shares. Once shares are sold, the company will also use the money for its electric-only model line-up. 

Fri, 29 Oct 2021 - 08:04 PM / by SAM RAHUL RAJA…

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