Porsche could be the #3 IPO in Europe after this. With OEMs looking to close the gap between now and their ambitious electric futures, will we see more of this brand launching?
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Volkswagen is pushing on with plans to launch an IPO for its Porsche brand. VW is targeting 70-75B euros for the brand valuation, which is below investor estimates of up to 85B euros.
Announcing the target value and late Sept/early Oct timeline for the IPO's launch bumped VW's stake value 3%.