Volvo plans $2.9B IPO to fund electric vehicle plans - NewsBreak
By Martin 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 and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm. The...