Sweden's "Industrial Daily" reported on May 10 that China Geely Group is actively preparing to promote Volvo's listing in Hong Kong and Sweden this fall, with a valuation between $16 billion and $30 billion. Geely has chosen Citigroup, Goldman Sachs and Morgan Stanley to coach the IPO. Geely and Volvo Cars held a meeting this month in Sweden and Hong Kong, China to discuss listings in the two places.
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