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Volvo Mulling IPO This Year After Abandoning Geely Merger
Published on: 2021-05-14
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Volvo Cars said it’s considering an initial public offering months after calling off earlier plans to merge with Geely Automobile Holdings Ltd., the Chinese manufacturer owned by its parent.
 

The board of the Swedish carmaker has decided to evaluate a possible listing on the Nasdaq Stockholm stock exchange later this year, according to a statement. In March that owner Zhejiang Geely Holding Group Co. was considering an IPO that could value the business at around $20 billion.
 

Volvo’s more than a decade under Chinese control has been a success story. While pandemic disruptions snapped a six-year streak of record sales, demand came roaring back and fueled record deliveries and profit in the second half. Geely has been a supportive owner, helping fund construction of the company’s first-ever U.S. car plant, and the investment it will take to go fully electric by the end of the decade.
 

Geely Holding would remain a major shareholder of Volvo, which also announced that it has extended the contract of Chief Executive Officer Hakan Samuelsson to the end of next year. He’s led Volvo since 2012, two years after Geely acquired the company from Ford Motor Co. for just $1.8 billion.
 

沃尔沃考虑IPO上市估值200亿美元,吉利仍是大股东

沃尔沃汽车董事会决定评估IPO(首次公开募股)可能性,有望今年晚些时候在斯德哥尔摩证券交易所(隶属于纳斯达克集团)上市,具体取决于市场环境。在实现IPO并上市之后,吉利控股集团仍将是沃尔沃汽车的大股东之一。早在今年3月的时候,吉利就考虑重启沃尔沃汽车的IPO计划,沃尔沃汽车的估值大约在200亿美元。在IPO完成之后,沃尔沃汽车将加速向电气化与智能化转型的进程。

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