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Volvo Cuts Back Size of Planned IPO to $2.3 Billion

  • IPO to still raise sufficient funds for Volvo’s expansion plan
  • Flurry of listings, volatile markets are putting off investors
relates to Volvo Cuts Back Size of Planned IPO to $2.3 Billion

Source: Volvo Cars

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Volvo 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 by soaring energy costs and persistent supply chain delays.