Official: Volvo Going Public But Not In America - NewsBreak

Volvo Cars has just announced plans to raise 25 billion Swedish crowns, around $2.9 billion USD, with an initial public offering on the NASDAQ Stockholm stock exchange. This is planned to take place before the end of the year. Upon completion, the Geely-owned automaker will become one of Europe's biggest listings of 2021. Geely will still remain Volvo's largest shareholder. Volvo's intention to issue an IPO dates back to at least 2018, but this was delayed for numerous reasons, among them economic and trade tensions with the West and China.