26
Oct
17:28
Volvo Cars adjusts its IPO plans
Swedish carmaker Volvo Cars has trimmed its initial public offering (IPO) to SEK 53 ($6.15)/share from the earlier price of SEK 68/share, Kallanish reports.
At this rate, the company would be valued at just over $18 billion, compared to the $23 billion previously expected. Additionally, it said its owner Geely would not exercise the upsize option, resulting in a free float of 16% to 17.9% depending on exercise of the overallotment option.
Around 71% of the gros…
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Anonymous
Very good overview of the weekly steel market.
Anonymous