The Board of Directors of Volvo Cars has decided to evaluate the possibility of an IPO, with the expectation of a listing on the Nasdaq Stockholm AB in Sweden later this year.

Volvo Cars, a Swedish luxury automobile marque，now is a subsidiary of the Chinese manufacturer Geely Holding Group Co., Ltd.

The final decision on whether to list or not depends on market conditions, and there is no guarantee that the listing will go ahead.

The Board has also decided to extend the contract of CEO Jonas Samuelson to the end of 2022. He's led Volvo since 2012, two years after Geely acquired the company from Ford Motor Co. for just $1.8 billion.

Source: https://www.bloomberg.com/news/articles/2021-05-12/volvo-considering-ipo-later-this-year-on-stockholm-exchange