Volvo to announce $25 billion IPO plans - report

Sunday, 03. October 2021 22:16

Volvo Cars is preparing to go public and could announce details of its plans as soon as Monday, according to a report by the Wall Street Journal on Sunday. The car manufacturer could be valued at over $25 billion, sources said.

The company announced it reached a record for most cars sold in the first half of a year in H1 2021 with 380,757 vehicles sold globally. It also revealed plans to become a fully electric carmaker by 2030.

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