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Volvo about to go public

Geely plans to list the Volvo brand on the Stockholm stock exchange in the coming weeks, Reuters has learned from three unnamed sources. According to the sources, Geely Holding is in “advanced negotiations” with financial institutes to conduct the IPO. A valuation of just under 17 billion euros is being targeted. NordLB automotive analyst Frank Schwope believes a valuation of 8.5 billion euros to 12.5 billion euros is more realistic, he told Reuters. The IPO would be one of the biggest of the year in Europe.

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