Porsche IPO Commands Valuation Of Up To $85B Amid Global Headwinds: Report
Porsche drew investor interest for its initial public offering at a valuation of up to $85 billion, despite market headwinds, Bloomberg reports . Volkswagen AG''s (OTC: VWAGY ) luxury brand has won pre-orders exceeding the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion) despite the Russia-Ukraine crisis, soaring energy prices, and galloping inflation. Porsche looks to share its Frankfurt IPO plans in the first week of September. Porsche attracted bigwig investors, including T. Rowe Price Group, Inc (NASDAQ: TROW ) Full story available on Benzinga.com
Porsche IPO Commands Valuation Of Up To $85B Amid Global Headwinds: Report
Porsche drew investor interest for its initial public offering at a valuation of up to $85 billion, despite market headwinds, Bloomberg reports . Volkswagen AG''s (OTC: VWAGY ) luxury brand has won pre-orders exceeding the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion) despite the Russia-Ukraine crisis, soaring energy prices, and galloping inflation. Porsche looks to share its Frankfurt IPO plans in the first week of September. Porsche attracted bigwig investors, including T. Rowe Price Group, Inc (NASDAQ: TROW ) Full story available on Benzinga.com