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Geely Weighs Reviving IPO of $20 Billion Volvo Cars

  • Chinese automaker holding talks with potential advisers
  • Listing could help to raise cash to fund electrification
Volvo Cars at the 18th Central China International Auto Show in Wuhan, China, in 2020.

Volvo Cars at the 18th Central China International Auto Show in Wuhan, China, in 2020.

Source: Stringer/Getty Images AsiaPac
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China’s Zhejiang Geely Holding Group Co. is considering reviving plans for an initial public offering of its Volvo Cars unit that could value the business at around $20 billion, people familiar with the matter said.

Closely held Geely Holding has been speaking with potential advisers about selling shares in Volvo Cars as soon as this year, the people said, asking not to be identified because the information is private. It is considering potential listing venues including Stockholm and Amsterdam, the people said.