Volvo Cars Sets the IPO Price Range, which May Be the Largest IPO in Europe This Year

Volvo Cars, a subsidiary of Geely Holding, said on Monday that its initial public offering price will be in the range of 53 to 68 Swedish kronor (US$6.12 to US$7.86) per share, and value the company as high as US$23 billion. This may be this year. One of the largest listings in Europe. It plans to raise 2.9 billion US dollars through an IPO, listed on the Nasdaq exchange, and the stock will begin trading on October 28.