The carmaker said in a statement its IPO would value the company, maker of models such as the high-end XC-90 SUV, at between 163 billion and 200 billion crowns and that shares would begin trading on Oct. 28.
Electric-car maker Polestar, owned by Geely and Volvo, last month said it will go public by merging with a U.S.-listed special purpose acquisition company backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion.A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021.
The Gothenburg-based company, which said its January-September operating profit rose to 16.6 billion crowns from 3.6 billion in the year-ago period, had previously said that owner Geely would remain its biggest shareholder after the listing., postponed plans to float shares in the Swedish carmaker, citing trade tensions and a downturn in automotive stocks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Volvo adds 195,000 vehicles to recall for dangerous air bagsVolvo is recalling another 195,000 vehicles in the U.S. because the front driver’s air bags could explode and send shrapnel into the cabin. Volvo has been unpopular in Japan for 45 years. This is not my fault. Thank you When did Americans forget how to make a quality car? Thank god I drive a KIA pos
Source: ABC - 🏆 471. / 51 Read more »
JPMorgan says it's time to buy Zoom Video after shares get cut in half from pandemic heightsNew for subscribers: JPMorgan says it's time to buy Zoom Video after shares get cut in half from pandemic heights. Check out CNBCPro today. Pro That’s the app that CNN contributors use to masturbate in front of their coworkers, right?
Source: CNBC - 🏆 12. / 72 Read more »
Gold futures pop higher, poised for strong weekly gainFutures for gold head higher Friday, with bullion set for a sharp weekly gain, as investors turn to precious metals amid growing concerns that rising price... Lol. SeaOfThieves If my bananas aren’t made of gold then I don’t want them.
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian, European motorists face record petrol prices as winter sets inEuropean and Asian motorists may have to contend with high petrol and diesel costs for months to come as a rise in crude prices, resurgent fuel demand and taxes drive up prices at the pump to or near record peaks by bozorgmehr _mohi_ LauraSanicola
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street analysts bail on Intel turnaround story as stock gets 3 downgradesNew for subscribers: Wall Street analysts bail on Intel turnaround story as stock gets 3 downgrades. Check out CNBCPro today. Pro Exactly what's wrong with this shitty stock 'market'. Pro Jo
Source: CNBC - 🏆 12. / 72 Read more »
Ecuador to scrap monthly fuel price increases, establishes fixed price -LassoEcuador will scrap monthly price increases on fuels and will instead fix prices for gasoline extra and diesel, President Guillermo Lasso said on Friday. Why haven’t politicians learned that freezing prices doesn’t work Why can’t these parasites cut unnecessary spending instead
Source: Reuters - 🏆 2. / 97 Read more »