6 August
Porsche’s IPO is within reach
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.
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