Volvo Cars IPO draws lower valuations in initial feedback

Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said.

https://www.bloomberg.com/news/articles/2018-07-23/volvo-cars-ipo-said-to-draw-lower-valuations-in-initial-feedback