Volkswagen announced on Sunday that it would be seeking a valuation of between 70 and 75 billion dollars for Porsche AG in its initial public offering, making this potentially the third largest IPO in European history. Some experts had hinted at an expectation of valuation around $85 billion, meaning this is actually going to be a bit shy of …
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Report: Volkswagen’s Porsche IPO is back on
Just over a month ago Volkswagen Group CEO Herbert Deiss assured everyone on the third quarter earnings call that the company would not be selling off assets. This came in the face of growing concerns that the company was looking to offload Lamborghini and Ducati, and that Porsche might be spun off with its own initial public offering. Porsche, in …
Continue to the full articleVolkswagen Group CEO says Porsche won’t be issuing an IPO just yet
In recent years it has seemed inevitable that every automotive manufacturer would be spun off into its own stock IPO. After all, why not? If Tesla can be valued over one trillion dollars, why can't Porsche? What does Tesla have that Porsche doesn't? We've recently seen Volvo's Polestar spun off and IPO'd with a SPAC. The market has been buzzing at …
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