Plus   Neg

TRATON Shares Begin Trading On Frankfurt Stock Exchange, Nasdaq Stockholm

TRATON, the truck unit of Volkswagen AG (VKW.L,VLKAF.PK,VOW.BE), started trading on Frankfurt Stock Exchange and Nasdaq Stockholm on June 28. The IPO for TRATON was priced at 27 euros per share for the placement of 57.5 million shares, resulting in gross proceeds to Volkswagen of 1.55 billion euros. TRATON's IPO was priced at the lower end of the prior price range.

TRATON is a leading commercial vehicle manufacturer. It produces light-duty commercial vehicles, trucks and buses. In 2018, TRATON brands sold around 233,000 vehicles.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The University of Phoenix has agreed to pay a record $191 million to settle Federal Trade Commission charges alleging that the university used deceptive advertisements. According to the FTC, the university used deceptive advertisements that falsely touted their relationships and job opportunities... General Motors introduced new versions of its Chevrolet Tahoe and Suburban full-size SUVs that are bigger than previous models, offer more interior space and feature more advanced technology. The new vehicles join the new Silverado and Silverado HD as part of a complete redesign of Chevrolet's full-size truck and SUV lineup within 24 months. They will go on sale in mid-2020 in North America. Apple unveiled a new feature for the Apple Card, enabling cardholders to buy a new iPhone in 24 monthly installments without paying interest. In October, during Apple's earnings call, CEO Tim Cook had announced the tech giant's plans to introduce this feature. The Apple Card, Apple's first credit card, was introduced by the tech giant in March in partnership with Goldman Sachs and Mastercard.
Follow RTT