Porsche IPO Priced at $78 Billion, Will Finance VW Electric Car Transformation

German car giant Volkswagen priced the public offering of preferred stock in its luxury brand Porsche between €76.50 and €82.50 which was largely in line with investor expectations. Shares in Porsche AG POAHY are set to begin trading Sept. 29. It will be one of the largest recent European public listings in years, raising up to $9.4 billion and valuing the iconic carmaker as high as $78 billion. The deal will put Porsche shares in public hands for the first … Continue reading “Porsche IPO Priced at $78 Billion, Will Finance VW Electric Car Transformation”