9:30 PM | November 21 2021
Volvo Cars celebrates first day of trading on Nasdaq Stockholm
Company welcomes new shareholders after initial public offering.
Volvo Cars welcomed more than 200,000 new shareholders as it listed on the Nasdaq Stockholm stock exchange on 29th October.
The initial public offering attracted strong interest from institutional investors in Sweden and abroad, as well as from the general public in the Nordics.
“I would like to extend a warm welcome to all our new shareholders. We will work hard to execute our plan and create further value for you all,” said Håkan Samuelsson, chief executive of Volvo Cars.
The first day of trading in Volvo Cars shares on Nasdaq Stockholm was celebrated with a traditional bell ringing ceremony at the company’s studio in Stockholm, Sweden.
Volvo Cars’ listing on the Stockholm stock exchange comes in a year when the company has reported its strongest first half year sales.
With 380,757 vehicles sold globally in the first six months of 2021, it represents an increase of 41 per cent compared with the same period last year.
The overall sales increase has been driven by strong demand in China, the US, and Europe, all of which reported double-digit growth compared with the same period last year, when market conditions were affected by the Covid-19 pandemic.