Volkswagen AG (VWAGY)

[Bountiful_Harvest]

Porsche IPO, planned for late September - Volkswagen shares up on Porsche’s $70.1 billion to $75.1 billion valuation:

https://www.reuters.com/business/autos-transportation/exclusive-volkswagen-targets-70-75-bln-eur-valuation-planned-porsche-ipo-2022-09-18/

https://www.cnbc.com/2022/09/18/volkswagen-targets-70point1-billion-to-75point1-billion-valuation-in-planned-porsche-ipo.html

KEY POINTS:

* Volkswagen is targeting a valuation of $70.1 billion to $75.1 billion for luxury sportscar maker Porsche.

* Volkswagen was expected to announce the pricing range of the Porsche IPO, planned for late September or early October, later in the evening.

“The Porsche IPO will most likely be a success... investors are queuing up. If the Porsche IPO goes well, one could imagine placing other parts [of Volkswagen] such as Audi on the stock exchange,” auto expert Arndt Ellinghorst of data analytics firm QuantCo said.