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Successful IPO for Volvo

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 November 2021
Volvo Cars completed Europe’s biggest IPO of 2021 so far

After cutting and pricing the size of its listing at the bottom of the previously announced range of 53 – 68 SEK, Volvo was valued at around $23 billion, making it Sweden’s second-largest listing yet.

On the initial public offering, Volvo CFO Bjorn Annwall stated: “It’s an important milestone. We have talked for ten years that we should be acting as a public company. We tried a number of times, so it is a bit of a relief,”

Through Volvo’s IPO, the European automotive industry embarked on a challenging transition towards electric vehicles. According to CEO Håkan Samuelsson, the listing represented a recognition of Volvo Cars ability to transition to the EV sector.

Volvo Cars stock price surged 22% on its market debut, trading at 64.70 SEK ($7.59).

Sources: ft.com, reuters.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.