China’s Geely said to pick Citi, others for Volvo Cars IPO

The grill of the Volvo AB S 90 vehicle is seen during the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Wednesday, April 12, 2017. Photographer: Mark Kauzlarich/Bloomberg

Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter.

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