12:15 - 20.09.2022

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September 20, Fineko/abc.az. Volkswagen launches the IPO of the sports car manufacturer Porsche.

ABC.AZ reports that the company is preparing to raise about €9 bn with total valuation of the entire company of €70-75 bn.

According to analysts, this will be one of the largest IPOs not only in Germany, but also in Europe.

The upper valuation of the preferred share exceeds €82. Porsche shares will start trading on the Frankfurt Stock Exchange on 29 September.