Reuters exclusively reveals Volkswagen targets 70-75 bln eur valuation in planned Porsche IPO – Reuters News Agency

September 18, 2022, 5:01 pm. 1 minute

It was Reuters. First to report The highly-anticipated price range of luxury sports car maker Porsche’s planned initial public offering (IPO), which parent company Volkswagen plans to list on the Frankfurt stock exchange. The target price for Porsche’s preferred shares translates to a value of up to 75 billion euros, below the upper end of market estimates. Volkswagen confirmed the IPO price of 76.50-82.50 euros per preferred share about two hours after the news was revealed by Reuters, continuing Reuters’ agenda-setting coverage of a record high in Europe. could become the third largest IPO of