Volvo Cars Is Completing Plans for IPO in Stockholm – The Wall Street Journal

Volvo Automobiles, the Swedish auto maker owned by China’s Zhejiang Geely Holding Group Co., is ending plans for an preliminary public supplying and Is about to announce particulars of the itemizing as early as Monday, in a deal That would worth the automotive maker at as a lot as $25 billion, Based mostly on people Conversant Inside the matter.

Volvo had floated The thought of a potential itemizing Method again to 2018 and in Might said it was contemplating an IPO on the Stockholm inventory commerce. Such An inventory, assuming it proceeds, Would supply The agency with a broader shareholder base and greater independence from its Chinese language buyers. It wasn’t clear how huge a stake Geely plans to promote.