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.
Volvo Cars have just announced their IPO on the Swedish...
Add TLG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
52.0¢ |
Change
0.045(9.47%) |
Mkt cap ! $223.0M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 52.0¢ | 46.5¢ | $488.9K | 982.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32262 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 24488 | 3 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| TLG (ASX) Chart |