Volvo Cars is finalizing plans for an initial public offering and is set to announce details of the listing as early as Monday, in a deal that could value the car maker at upward of $25 billion
Volvo Cars, the Swedish auto maker owned by China’s Zhejiang Geely Holding, is finalizing plans for an initial public offering and is set to announce details of the listing as early as Monday, in a deal that could value the car maker at upward of $25 billion,
according to people familiar with the matter.on the Stockholm stock exchange. Such a listing, assuming it proceeds, would provide the company with a broader shareholder base and greater independence from its Chinese investors. It wasn’t clear how big a stake Geely plans to sell.
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