Automotive
Porsche’s IPO
Porsche could be the #3 IPO in Europe after this. With OEMs looking to close the gap between now and their ambitious electric futures, will we see more of this brand launching?
5 Minutes of Fresh Perspective
Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
Volkswagen is pushing on with plans to launch an IPO for its Porsche brand. VW is targeting 70-75B euros for the brand valuation, which is below investor estimates of up to 85B euros.
Announcing the target value and late Sept/early Oct timeline for the IPO's launch bumped VW's stake value 3%.
