VW sets price range for Porsche IPO, valuing automaker up to $78 billion

BERLIN-Porsche the shares are set to begin trading on September 29 in one of Europe’s largest public listings in years, raising as much as $9.4 billion and valuing the sports car maker at $78 billion.

Parent of Porsche, German automotive giant volkswagen priced the preferred stock public offering in line with average analyst expectations. Combined with a private sale of ordinary shares of Porsche to VW’s biggest investor, Porsche Automobil Holding SE, the sale of 25% of Porsche could net VW 19.5 billion euros, the equivalent of 19.5 billions of dollars.


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