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Volkswagen will list Porsche in one of the biggest IPOs in years

BERLIN-volkswagen said on Monday it would list its iconic sports car maker Porsche in one of the biggest initial public offerings in years and a crucial test of investor confidence as high inflation and war in Ukraine put a damper on the global economy.

The offer could value Porsche between 60 billion euros and 85 billion euros, or between 59.8 and 84.6 billion dollars, according to analysts’ estimates, injecting fresh money into the coffers of VW which , according to the executives, will help the company finance its transition to electric vehicles and autonomy. drive cars.

wsj

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