Volkswagen targets Euro70bn-Euro75bn valuation for Porsche in IPO - 19 septembrie 2022
Volkswagen will price shares in Porsche at between €76.50 and €82.50, the German group announced on Sunday, leading to a partial IPO that would put a value on the historic sportscar brand of €70bn-€75bn, in the middle of the range of analysts’ expectations. The flotation of 12.5 per cent of Porsche, planned for September 29 in Frankfurt, will deliver €8.7bn-€9.4bn to the marque’s parent company. VW has said it will use almost half of the proceeds to pay a one-off special dividend, while the remaining funds will be deployed to help the carmaker pay for the transition to battery technology.
(DE.VOW3)