Volvo Mulling IPO This Year After Abandoning Geely Merger

(Bloomberg) — Volvo Cars said it’s considering an initial public offering months after calling off a plan to merge with Geely Automobile Holdings Ltd., the Chinese manufacturer owned by its parent company.

The board of the Swedish carmaker decided to evaluate a possible listing on the Nasdaq Stockholm stock exchange later this year, according to a statement. Bloomberg News reported in March that owner Zhejiang Geely Holding Group Co. was considering an IPO that could value the business at around $20 billion.