Volvo plans $2.9B IPO to fund electric vehicle ambitions - NewsBreak
By Hernandez in Business
Updated 3 years ago
LONDON (AP) — Swedish automaker Volvo said Monday it plans to raise at least 25 billion kroner ($2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo Cars and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm,...