Sweden-Volvo-IPO
FILE – In this Feb. 6, 2020 file photo a Volvo car is parked behind the Volvo logo in the lobby of the company’s corporate headquarters, in Brussels. Swedish automaker Volvo plans to raise at least 25 billion kroner ($2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo said Monday, Oct. 4, 2021 that it applied with its parent company, Chinese carmaker Geely, to hold an initial public offering on the Nasdaq Stockholm. The money raised from the IPO will help fund Volvo’s plan of becoming an all-electric car company and expanding further into online sales. (AP Photo/Virginia Mayo, File)