17 April
On Monday, the German vehicle trademark Volkswagen announced an initial public offering (IPO) of the iconic Porsche brand that is expected at the end of September — beginning of October. This would happen in case of a further development of the capital market.
The issue of placing a firm’s minority stake was first considered back in February. But Volkswagen's leadership transition has led to uncertainty in the process of listing.
Now Porsche's IPO is estimated at €85 billion, as Reuters said.
According to Dealogic, the enterprise’s flotation is regarded as one of the major in Europe.