An employee working on a Volvo S60 on the assembly line at the company's manufacturing plant in Ridgeville, South Carolina. Photo: Handout
An employee working on a Volvo S60 on the assembly line at the company's manufacturing plant in Ridgeville, South Carolina. Photo: Handout
IPO

Volvo cuts the size of its initial public offering by a fifth to US$2.3 billion amid soaring oil cost, supply chain disruptions

  • The carmaker, owned by China’s Zhejiang Geely Holding Group, is now selling shares to raise about 20 billion kronor (US$2.3 billion), Volvo said
  • The carmaker also set a price of 53 kronor a share, at the low end of its initial range

Topic |   IPO
An employee working on a Volvo S60 on the assembly line at the company's manufacturing plant in Ridgeville, South Carolina. Photo: Handout
An employee working on a Volvo S60 on the assembly line at the company's manufacturing plant in Ridgeville, South Carolina. Photo: Handout
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