According to Bloomberg, the burgeoning Swedish brand's parent company has consulted three major banking firms - Goldman Sachs, Citigroup and Morgan Stanley - on the possible move.
Sources disclosed that a company value of between £12 billion and £22 billion is being discussed, and that Geely aims to float the company on both the Hong Kong and Stockholm exchanges to reflect its Chinese ownership and Swedish management. Geely itself is already listed on the Hong Kong exchange.
The flotation would be the latest in a slew of large financial moves by Geely, led by company chairman Li Shufu. This time last year, news broke that Geely had acquired Malaysian brand Proton and with it a controlling stake in Lotus.
Volvo boss Håkan Samuelsson said that the move would be the decision of Li, rather than a decision coming from the brand’s headquarters in Gothenburg, Sweden. A Volvo spokesman said "An IPO is an option but it is a question for the owner.”