Reuters completely reveals Volkswagen targets 70-75 bln eur valuation in deliberate Porsche IPO – Reuters Information Company
18 September 2022, 5:01 pm. 1 minute
Reuters was first to report the hotly anticipated pricing vary of the deliberate preliminary public providing (IPO) of Porsche, the posh sportscar maker that guardian firm Volkswagen is planning to checklist on the Frankfurt inventory alternate. The focused pricing of the popular shares of Porsche interprets right into a valuation of as much as 75 billion euros, beneath the higher finish of market estimates. Volkswagen confirmed the IPO pricing of 76.50-82.50 euros per most well-liked share round two hours later after Reuters revealed the information, persevering with Reuters’ agenda-setting protection of what may turn into Europe’s third-largest IPO on document.