"
To surpass oneself is the only race that never ends
".
True to Porsche's motto, Volkswagen has strong ambitions for the IPO of its subsidiary.
The manufacturer with nine brands hopes to obtain up to 75 billion euros in valuation for the car manufacturer.
The kick-off of what is already shaping up to be one of the most important IPOs in recent years in Europe, should be given on September 29th.
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The indicative price of the offer will be between 76.50 and 82.50 euros per share, Volkswagen said, or between nearly 70 billion and 75 billion euros for 100% of the capital of Porsche.
A value close to that of the entire Volkswagen group, which capitalizes just over 88 billion euros.
The second largest manufacturer in the world had given the green light at the beginning of September to the IPO on the Frankfurt Stock Exchange of the manufacturer of the legendary 911. Volkswagen hopes to recover up to 9.4 billion euros in the operation.
A windfall that owes him...
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