{"id":339735,"date":"2021-09-15T20:24:19","date_gmt":"2021-09-15T17:24:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/volvo-reportedly-preparing-for-upcoming-20-billion-ipo\/"},"modified":"2021-09-15T20:24:19","modified_gmt":"2021-09-15T17:24:19","slug":"volvo-reportedly-preparing-for-upcoming-20-billion-ipo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/volvo-reportedly-preparing-for-upcoming-20-billion-ipo\/","title":{"rendered":"#Volvo reportedly preparing for upcoming $20 billion IPO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a24d50b0afe2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a24d50b0afe2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/volvo-reportedly-preparing-for-upcoming-20-billion-ipo\/#Valuation\" >Valuation<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Volvo reportedly preparing for upcoming $20 billion IPO<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>The owner of Volvo, China\u2019s Geely Holding, is in advanced discussions with banks to list the automaker in the coming weeks, three sources told Reuters, in what is expected to be one of Europe\u2019s biggest initial public offerings this year.<\/p>\n<p>Volvo\u00a0is aiming for a valuation of about $20 billion in the planned Stockholm listing, the sources said, with one saying the launch was penciled in for the end of September.<\/p>\n<p>Goldman Sachs and SEB are leading the transaction, while other banks including BNP Paribas, Carnegie and HSBC are also involved in the deal, the sources added.<\/p>\n<p>Volvo\u00a0declined to comment. Geely did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to an emailed request for comment outside normal business hours in China. SEB and Goldman Sachs declined to comment. The other banks were not immediately available.<\/p>\n<p>Geely, which bought\u00a0Volvo\u00a0from Ford more than a decade ago in the biggest acquisition by a Chinese firm of a foreign car maker, sought to float shares in the Swedish firm in 2018 but then pulled the deal citing trade tensions and a downturn in automotive stocks.<\/p>\n<p>Traditional carmakers have fallen out of favor in recent years, as Tesla has risen to be one of the world\u2019s most valuable companies, putting the focus on electric vehicles.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Geely chief Li Shufu holding a microphone and speaking\" class=\"wp-image-19463651\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Geely founder Li Shufu bought Volvo for $1.8 billion more than a decade ago.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Many European firms have pivoted toward the electric sector, including\u00a0Volvo which aims to only make fully electric cars by 2030 and owns a 49.5 percent stake in electric car maker Polestar.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation\"><\/span>Valuation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gothenburg-based\u00a0Volvo aims to secure a valuation of roughly $20 billion, one of the sources said, while another mentioned a possible range of $20 billion to $30 billion.<\/p>\n<p>A third source suggested a $16 billion valuation was more realistic, citing the firm\u2019s revenue outlook.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Closeup of Volvo logo on the front of a Volvo vehicle\" class=\"wp-image-19463681\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Volvo\u2019s IPO could take place as soon as the end of September, according to Reuters sources.<\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>A $20 billion valuation for\u00a0Volvo\u00a0would be equivalent to six to seven times its earnings, a level some analysts say is high although it would put it in line with rivals Daimler and BMW. Tesla\u2019s valuation is more than 70 times.<\/p>\n<p>NordLB\u2019s automotive analyst Frank Schwope estimated a valuation range of $10 billion to $15 billion.<\/p>\n<p>\u201cThe strong margins seen in the first half of 2021 are unlikely sustainable as the market benefited from a strong post-pandemic rebound that is unlikely to continue,\u201d Schwope said.<\/p>\n<p>For Geely founder Li Shufu, who bought\u00a0Volvo\u00a0for $1.8 billion, the listing is a milestone on the road to transport of the future, where cars are part of an electrified network of mobility services generating data and business opportunities.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A Volvo car on display\" class=\"wp-image-19463727\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Shortages of materials needed to manufacture its vehicles could impact sales, Volvo warned. The forecast was made ahead of reports the company is eyeing an IPO in the coming weeks.<\/figcaption><figcaption><span class=\"credit\">Getty Images for Festival of Arts of Laguna Beach<\/span><\/figcaption><\/figure>\n<p>A slew of startups have t<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed into the investor frenzy for electric vehicles this year. Rivian, which rolled its first electric pickup truck off the production line this week, will seek a valuation of about $70 billion to $80 billion when it goes public at the end of this year, sources have told Reuters.<\/p>\n<p>Nordea Chief Investment Officer John Hernander said the bank was interested in buying\u00a0Volvo\u00a0shares if a big enough chunk of the company was sold to keep liquidity high.<\/p>\n<p>\u201cThat is key. We and many others have been really disappointed in the low liquidity in Traton,\u201d he said, drawing parallels to the 2019 IPO of the truck unit, in which owner Volkswagen floated 11.5 percent of the shares.<\/p>\n<p>Volvo\u00a0warned this month that sales volumes in the second half of 2021 could fall year on year after it had been forced to cut production due to material shortages.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/09\/15\/volvo-reportedly-preparing-for-upcoming-20-billion-ipo\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Volvo reportedly preparing for upcoming $20 billion IPO&#8221; The owner of Volvo, China\u2019s Geely Holding, is in advanced discussions with banks to list the automaker in the coming weeks, three sources told Reuters, in what is expected to be one of Europe\u2019s biggest initial public offerings this year. Volvo\u00a0is aiming for a valuation of about&#8230;<\/p>\n","protected":false},"author":1,"featured_media":339736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/volvo-reportedly-eyes-20b-ipo4.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[115982,111458,5007,75026,74314],"class_list":["post-339735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-15-21","tag-auto","tag-ipo","tag-valuations","tag-volvo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/339735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=339735"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/339735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/339736"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=339735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=339735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=339735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}