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Porsche IPO to fund Volkswagen electric shift
- 20/09/2022
- Posted by: Alan Feldberg
- Category: News
Porsche is expected to be valued at around €75bn when it floats on the Frankfurt stock exchange on 29 September. Parent company Volkswagen will offer 12.5% of Porsche, or 911 million shares, with shares valued at between €76.50 and €82.50. It hopes to raise up to €9.4bn from the offering, 49% of which [...]