Shares in the Geely-owned Volvo Cars will be priced within a range of 53 to 68 Swedish crowns $6,12 to $7.86 valuing the company at 163 billion to 200 billion crowns in its initial public offering IPO the carmaker said on Monday.
Volvo Cars said earlier this month it planned to raise $2.9 billion via an IPO and list its shares on Nasdaq Stockholm stock exchange this year.
Sources told Reuters last month that Geely was in advanced discussions with banks to list the Swedish company in the coming weeks, aiming for a valuation of about $20 billion.
Volvo repeated that it expected the issue of new shares to provide the carmaker with gross proceeds of about 25 billion crowns before transaction costs, in what is likely to be one of Europe's biggest listings this year.
The transaction, which included expected converted investments by investors AMF and Folksam, was seen resulting in a free floating of around 19.5% to 24.0%, Volvo said in a statement.
The Gothenburg-based company previously stated that the owner Geely Holding would remain its biggest shareholder if the listing was completed.
Volvo Cars and Geely, which also own an 8.2% stake in Sweden's Volvo Trucks, postponed plans to sell shares in the Swedish carmaker, citing trade tensions and a downturn in automotive stocks.