Volvo Cars have just announced their IPO on the Swedish Stockholm Stock Exchange. They're seeking to raise $2.9 billion with a valuation of $23 billion and will begin trading on October 28.
https://www.reuters.com/business/autos-transportation/geelys-volvo-cars-sets-price-range-53-68-crownsshare-ipo-2021-10-18/
In June, Volvo Cars entereted into a join venture with Northvolt for battery development, with plans to establish a new gigafactory in Europe with a potential capacity of up to 50 gigawatt hours (GWh) per year. Production is scheduled to start in 2026.
Would be a nice big swedish happy family with Talga in the mix supplying the green anodes. I wonder if the Volvo IPO on October 28 would also be a good time for Talga to enter centre stage? Maybe some of the $2.9 billion in funds has already been earmarked to secure anode supply from a local supply chain?
All just speculation but it's funny how the shareprice is up today just as this was announced.
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $158.6M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.0¢ | $158.2K | 421.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18991 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 5592 | 6 |
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| Last trade - 11.34am 10/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |