Porsche IPO set to be largest in Europe since 1999

09:46am, Wednesday, 28'th Sep 2022
Porsche's initial public offering (IPO) tomorrow is set to come in at the upper end of its valuation, making it Europe's largest flotation since 1999. Shares were priced between €76.50 to €82.50,
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Source: r.classen / Shutterstock.com Porsche is planning an initial public offering ( IPO ) and investors are curious about the latest details revealed by parent company Volkswagen (OTCMKTS: VWAGY ).
Volkswagen is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany's second-largest initial public offering (I
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Volkswagen AG (VW) has priced preferred shares in the flotation of Porsche AG at 76.50 euros to 82.50 euros per share, translating into a valuation of 70 billion to 75 billion euros for the luxury
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German auto maker Volkswagen AG is targeting a valuation of up to $71.5 billion (75 billion euros) for its initial public offering of Porsche, in what would be one of Europe's largest-ever IPOs.
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