Volvo Automobiles, the Swedish auto maker owned by China’s Zhejiang Geely Holding, is finalizing plans for an preliminary public providing and is ready to announce particulars of the itemizing as early as Monday, in a deal that would worth the automotive maker at upward of $25 billion, in response to individuals acquainted with the matter.
Volvo had floated the thought of a doable itemizing way back to 2018 and in Could stated it was actively contemplating a doable IPO on the Stockholm inventory alternate. Such a list, assuming it proceeds, would supply the corporate with a broader shareholder base and higher independence from its Chinese language buyers. It wasn’t clear how large a stake Geely plans to promote.
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