Volkswagen to List Porsche in One of Biggest IPOs in Years

by | Sep 5, 2022 | Business

By William BostonUpdated Sept. 5, 2022 6:22 pm ETListen to article(1 minute)BERLIN—Volkswagen said Monday that it would list its iconic sports car maker Porsche in one of the biggest initial public offerings in years and a crucial test of investors’ confidence as high inflation and the war in Ukraine put a damper on the global economy.The offering could value Porsche at as much as 85 billion euros ($84 billion), according to analyst estimates, injecting fresh cash into VW’s coffers that executives say will help the company bankroll its transition to electric vehicles and self-driving cars.

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