IPO

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IPO Date 29/10/2021

Trade Volvo Cars

Volvo Cars
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General info on Volvo Cars

About the company

  • Name
    Volvo Cars
  • Industry
    Automotive
  • Employees
    10,001+
  • Founding year
    1927
  • Ticker
    -

Filing Information

  • IPO file date
    18/10/2021
  • No. of shares
    -
  • Price
    53 SEK ($6.15)
  • Exchange
    Nasdaq Stockholm Stock Exchange
  • Bookrunners
    Morgan Stanley, BNP Paribas, HSBC, JPMorgan Chase, Nordea Bank
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IPO Details

About Volvo Cars

Volvo is regarded as one of the most innovative carmakers in the world. It became famous after introducing the first side-airbag in 1994 to the blind-spot monitor.

In 2010, it became a subsidiary of Geely Holding Group. Volvo Cars’ largest markets are China, the US, Sweden, the United Kingdom, and Germany. Reportedly, Geely would remain the largest shareholder after the listing.

The company plans to go all-electric by 2030.

 

IPO figures

Volvo Cars will go public on the Nasdaq Stockholm stock exchange, targeting a market value of up to 23.1 billion. It is considered to be Europe’s biggest listings of 2021. The IPO would be priced at 53 SEK per share, and it plans to raise $2.9 billion through its initial public offering.

The announcement marks a milestone for Volvo, which has been struggling until Geely bought it from Ford in 2010 for $1.8 billion.

Valuation

After the IPO, Volvo Cars is expected to be worth up to 200 billion SEK ($23.1 billion).

 

Volvo Cars: what you need to know

  • sold more than 770,000 vehicles in the 12 months to the end of June
  • is targeting an operating margin of between 8% and 10% by 2025.
  • pledges to sell only electric vehicles by 2030

 

Sources: ft.com, reuters.com, techcrunch.com, investor.volvocars.com

Summary

  • Ticker
    -
  • Price
    53 SEK ($6.15)
  • Exchange
    Nasdaq Stockholm Stock Exchange
  • Bookrunners
    Morgan Stanley, BNP Paribas, HSBC, JPMorgan Chase, Nordea Bank
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Key elements

Find out the most essential numbers for Volvo Cars IPO

January-September 2021 operating profit

16.6 BLN SEK

Vehicles sold between June 2020 – June 2021

770.000

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Volvo Cars

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A closer look at Volvo Cars IPO
Learn why traders are always eager to trade IPOs

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  • Status: Available for trading
  • IPO Date: 29/10/2021
  • Price: 53 SEK

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