Apparently nothing stands in the way of an IPO for the Volkswagen subsidiary Porsche. “The contracts are fixed, all shareholders are on board,” said a person familiar with the preliminary talks from the Reuters news agency on Monday. The supervisory board still has to officially give the go-ahead. Volkswagen declined to comment. If the decision is made as expected, Volkswagen will be able to drum up publicity for one of the largest IPOs in Europe in recent years. It is planned to place up to 25 percent non-voting preferred shares, 12.5 percent of the total capital, in Porsche AG on the stock market. Whether the IPO, worth billions, will be realized despite the turbulence on the financial markets depends on how much interest the shares attract from investors.
IPO – Clear the way for Porsche – Economy
