Volvo Is Doing So Well It' s Now Looking To Go Public CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News Volvo Is Doing So Well It' s Now Looking To Go Public

Volvo Is Doing So Well It' s Now Looking To Go Public

May. 13, 2018 7:15 AM ET by Jared Rosenholtz Industry News / Comments It worked for Ferrari, so it could work for Volvo too. In the past several years, we have witnessed automakers go through Initial Public Offerings (IPOs). Ferrari split from parent company FCA to go public, and the move has paid dividends. Commercially, the brand's value has surged by more than 40 percent to over $6.15 billion. The move worked out so well that other luxury automakers are considering following in Ferrari's footsteps. Aston Martin has been tossing around the idea of an IPO, and Bloomberg reports that Swedish automaker Volvo is also now considering it. Sources close to the matter say that Volvo owner Zhejiang Geely Holding Group Co. has selected Citigroup, Goldman Sachs Group, and Morgan Stanley to advise on an IPO. Geely and Volvo have reportedly discussed a valuation of $16 to $30 billion. No final decisions have been made, but meetings to discuss the valuation have been held in Hong Kong and Sweden. Shares of Volvo could be sold as early as this fall, though representatives from Volvo, Geely, Citigroup, Goldman Sachs, and Morgan Stanley declined to comment on a timeline. Volvo has gone through a renaissance under Geely ownership, and looks to have a very bright future. Investors like to put their money into companies with advanced technology, which is why so many traders love Tesla. Volvo's promise to provide "death-proof" vehicles by 2020 should attract plenty of tech-loving investors should the company decide to go public. Volvo Volvo

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Volvo V60 Jared Rosenholtz Editor-at-Large After graduating with an MBA, Jared pursued his love of cars by becoming an automotive journalist. An internship with CarBuzz grew into his current position as Editor At Large. Jared now spends most of his time evaluating new vehicles and chasing the latest news stories in the automotive industry. When he’s not attending Cars & Coffee events on the weekend, Jared loves to watch NFL football and cruise around with the top down in his German convertible. Contact Jared @Carsnbites @jar_rosenholtz LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top