Volvo cars evaluating IPO potential, with Geely as major stockholder
Volvo cars merger with the Hong Kong-listed Geely Automobile will be further extending to Geely having major shareholding. The IPO is not announced but considered a potential listing and is set to evaluate capital market options, stock market listing, and an initial public offering.
Image credits- The Economic Times
For more than a year, start-ups often look out for the options to be listed publicly. Each day the rise and fall of such electric vehicle startups can be observed. However, Volvo Cars weren’t listed publicly despite being in the car industry for 94 years.