Volvo Cars Shares Surge 22% After its $2.3 Billion IPO and Debut on the NASDAQ Stockholm

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Volvo Cars Shares Surge 22% After its $2.3 Billion IPO and Debut on the NASDAQ Stockholm

Swedish automaker Volvo Cars is the latest automaker to go public after the company completed its planned European IPO on Friday. The automaker’s shares are listed on the NASDAQ Stockholm. Volvo Cars scaled back its IPO earlier this week, pricing it at the low end of its previously announced range of SEK 53 to 68 per share. The shares surged 20% reaching SEK 63 (US$7.32) on the first day of trading before settling back near the offer price.

Volvo Cars Shares Surge 22% After its $2.3 Billion IPO and Debut on the NASDAQ Stockholm

2021-10-30 11:01

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