(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.
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