Timing is everything in investing, and China’s largest homegrown carmaker has decided that this is the moment to take Volvo Car AB public, at a potentially eye-popping valuation. Buyers should be wary.
Zhejiang Geely Holding Group Co has discussed valuing the business at somewhere between US$16bil and US$30bil and is looking at a dual listing in Hong Kong and Sweden, Bloomberg News reported last week. The Chinese company may only proceed if it achieves more than the high end of that range, the Financial Times said on Monday.