https://techcrunch.com/2021/10/04/geelys-volvo-cars-will-file-for-initial-public-offering-on-stockholms-nasdaq/

Volvo Cars, the Swedish carmaker owned by China’s Zhejiang Geely Holding, said Monday it would file for an initial public offering and list on the Nasdaq Stockholm exchange, in a transaction that’s expected to raise up to $2.9 billion (25 billion Swedish kroner).

The deal could value the automaker at up to $25 billion, the Wall Street Journal reported, citing sources familiar with the matter.