Volvo cools IPO expectations, targets $18B valuation

Volvo came out on October 4 with the announcement that it plans to go public via an initial public offering. Under the plan, shares in the company are to be listed on Sweden's Nasdaq Stockholm, with the first day of trading expected to be October 29. Volvo originally planned to raise 25 billion Swedish kronor (approximately $2.9 billion) but on...