What Does Volkswagen Want From Today’s Porsche IPO? ...Middle East

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What Does Volkswagen Want From Today’s Porsche IPO?
source : OILPRICE ( Middle East ) () 26
Iconic sports car maker Porsche, part of Volkswagen, is going public today, with the parent company expecting to pocket some $9 billion, which it would use to advance its EV growth plans. The deal is expected to become one of the biggest listings in Europe, giving Porsche a market value of up to $72 billion, according to a Reuters report ahead of the listing. The price for the offering has been set at the upper end of the range, at 82.50 euro apiece. TechCrunch noted in a report on the upcoming deal that Volkswagen has big plans for its EV future,…

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