Markets

Volvo Cars Finalizes Plans For IPO In Stockholm : Report

(RTTNews) - Volvo Cars, the Swedish automobile maker owned by Zhejiang Geely Holding Group Co, is finalizing plans for an initial public offering and could announce details of its listing as early as Monday. The car manufacturer could be valued at more than $25 billion, the Wall Street Journal reported citing people familiar with the matter.

On Friday, Volvo Car USA reported a September sales result of 9,350 cars, down nine percent versus 2020. Year-to-date the brand is up 29.6 percent, an increase of 21,761 cars sold in the same period last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More