Cary Group Plans IPO In Stockholm at $1.1 Billion Valuation

Photographer: Jeff Greenberg/Getty Images

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Cary Group Holding AB, a vehicle glass repair and replacement provider, plans to launch an initial public offering on Nasdaq Stockholm during the second half of the year.

The listing will help the Swedish company to “strengthen its balance sheet, which will support further M&A consolidation,” according to a statement on Friday.