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Volvo Cars, the Swedish auto maker owned by Zhejiang Geely Holding Group Co. of China, is completing plans for an initial public offering and is set to announce details of the listing as early as Monday, in a deal that could value the car maker at as much as $25 billion, according to people familiar with the matter.
A listing, if it goes ahead, would represent one of the car industry’s most dramatic turnarounds. Ford Motor Co. , weakened by the global financial crisis, sold the Swedish company to Geely for $1.8 billion in 2010.