Swedish automaker Volvo Cars, owned by China’s Geely Holding Group, has finalized its initial public offering plan and will announce listing details early Monday. According to people familiar with the problem.
Volvo said it had come up with ideas for a potential listing by 2018 and was actively considering the possibility of an IPO on the Stockholm Stock Exchange in May. Such a listing would give the company a broader shareholder base and greater independence from Chinese investors, assuming it progresses. It is not clear how many shares Giri plans to sell.
Volvo Cars finalizes plans to IPO in Stockholm
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