STOCKHOLM, Oct. 29 (Xinhua) — Shares in Volvo Cars rose more than 20 percent by the end of trading hours after the Chinese-owned car manufacturer’s stock market debut here on Friday.
Priced at 53 Swedish kronor (6.17 U.S. dollars) per share, the initial public offering (IPO) was “substantially oversubscribed as it attracted strong interest from institutional investors in Sweden and abroad as well as from the ge