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Volvo Looks To Free Up Some Cash With Potential IPO

This should help the carmaker go fully electric sooner than planned. Volvo is one auto manufacturer to look out for. The Swedish car builder, owned by Zhejiang Geely Holding, has had a brilliant start to 2021 thanks to record-breaking sales and also celebrates the launch of its first fully electric car, the XC40 Recharge. Not only is the brand posting amazing sales figures, but it has recently achieved 80 percent renewable energy usage worldwide, and is currently working on creating a climate-neutral city in the Gothenburg Green City Zone. These are all very ambitious achievements and goals, but Volvo is currently looking at making a seriously risky decision: the Swedish brand is evaluating a potential initial public offering (IPO) of the company on the Nasdaq Stockholm stock exchange sometime this year.

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