scorecardresearchVolkswagen sets Porsche IPO at up to 9.4 billion euros

Volkswagen sets Porsche IPO at up to 9.4 billion euros

Updated: 20 Sep 2022, 08:21 AM IST
TL;DR.
The German auto-maker said it aims for a listing on the Frankfurt stock exchange on September 29 after it places up to 25 per cent of non-voting preferred shares in Porsche AG, maker of the 911 sports car and Cayenne SUV, with investors.
FILE - Logo of the Porsche car manufacturer during the annual shareholders meeting of the Volkswagen stock company in Hannover, Germany, May 10, 2017. Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche as its prepares an initial public offering to fund VW's investments in new technologies and businesses including electric cars, software and services. (AP Photo/Michael Sohn)

FILE - Logo of the Porsche car manufacturer during the annual shareholders meeting of the Volkswagen stock company in Hannover, Germany, May 10, 2017. Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche as its prepares an initial public offering to fund VW's investments in new technologies and businesses including electric cars, software and services. (AP Photo/Michael Sohn)