Volvo Cars will list its shares next week in an offering that could value the Chinese-owned premium carmaker at up to $23bn.
The Swedish carmaker is expecting to raise up to SKr34bn ($3.9bn), with its shares due to start trading on October 28.
Volvo will have a free float of 17-21 per cent after the offering but will continue to be controlled by Chinese carmaker Zhejiang Geely, which currently owns 98 per cent of the shares and is set to retain 97 per cent of the voting rights even after the offering.
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