Geely-owned Volvo Cars IPO sees lower valuations in investor feedback

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

Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential listing, people familiar with the matter said.

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