|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||23.54 - 23.60|
|52-week range||20.90 - 29.00|
|Beta (5Y monthly)||1.19|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.70 (2.81%)|
|Ex-dividend date||30 Jun 2021|
|1y target est||N/A|
(Bloomberg) -- Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeVolvo Car AB slashed its initial public offering by a fifth, making it the latest in a string of European companies to pull back from equity markets roiled b
STOCKHOLM (Reuters) -Volvo Cars, owned by Chinese automaker Geely, cut the size of its initial public offering on Monday, setting the price for the listing at 53 crowns per share, the low end of its previously announced range. Volvo had previously said the shares would be priced within a range of 53 crowns ($6.2) to 68 crowns per share, but the market for European IPOs has taken a turn for the worse in recent months as inflation and global supply chain crunches have increased stock market volatility. At the current price, Volvo Cars would be valued at just over $18 billion, down from as much as $23 billion it had expected at the top of the pricing range.
STOCKHOLM (Reuters) -Sweden's AB Volvo beat third-quarter core earnings expectations on Thursday, boosted by strong demand for its trucks even as lingering chip shortages hampered production. Shortages of components and freight capacity had resulted in production disruptions and increased costs, Volvo said in a statement. It also cautioned it expected further disruptions and stoppages, both in truck production and in other parts of the group.