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Geely-owned automaker Volvo Cars said its initial public offering (IPO) was substantially oversubscribed as it geared up for its bourse debut in Stockholm later on Friday ....
Swedish carmaker Volvo, owned by China's Zhejiang Geely Holding Group, on Monday set the price for its initial public offering at 53 Swedish kronor ($6.18) each share, the lower end of its target range of up to 68 kronor. ....
Lynk & Co, a mid-range car brand spawned out of Geely’s takeover of Volvo Cars, launched a mid-size SUV to take on bestselling electric vehicle models assembled by Tesla and Chinese start-up NIO. ....
STOCKHOLM (Reuters) - Geely-owned Volvo Cars said on Monday its initial public offering would be priced within a range of 53 to 68 Swedish crowns per share, valuing the automaker at up to US$23 billion in what is likely to be one Europe's biggest listings this year. ....