You mean öf cårse?

Håhåhåhå

Why not rename to IKEÅ ?

Because it would then be pronounced IKE-Oh.

Also, the A is short for Agunnaryd, the founder's hometown. (IK is his initials, Ingvar Kamprad, and E is for Elmtaryd, his family farm.)

The A can still stand for Agunnaryd and the circle at the top can be the midnight sun, which embodies the sprit of Sweden

To reiterate on another comment that would make no sense to Swedish speakers. Å is a distinct letter, with a different and unique vowel sound. It is in no way "a slightly different kind of A".

Your suggestion sounds a bit like spelling Apple like AIILE and using the circles to form a cool infinity symbol. Or something.