Volvo's IPO Helps the Company Raise $2.3 Billion, Less Than It First Expected

Volvo announced it would make an IPO after Rivian, and it did that before the American competitor. The initial public offering of its shares at Nasdaq Stockholm helped it raise SEK 20 billion, the equivalent to $2.3 billion. That’s less than the company initially expected to earn. In an interview with Automotive News at the beginning of October, the company said its goal was to reach SEK 25 billion,... (continue reading...)