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17 Sep
17:15

Volvo Cars preps for IPO

Swedish carmaker Volvo Cars is said to be prepping for an initial public offering (IPO) in Stockholm, with a launch potentially happening as early as the end of September. Citing three unnamed sources, Reuters reported last week that the offering could be one of Europe’s largest this year. It says the carmaker is targeting a valuation of around $20 billion, although some estimates hover around $16 billion and others go as high as $30 billion. Volvo C…
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