Advertisement

Porsche valued at up to $75bn in share sale

German car making giant Volkswagen has said it is aiming for a valuation of up to $75-billion for Porsche when the luxury brand is floated on the stock market.
 
Trading in the shares is due to start in Frankfurt on September 29.
 
A prospectus was published today, after which investors can subscribe to Porsche shares.
 
The share sale is set to be Germany's second-largest ever initial public offering.


comments powered by Disqus
Most Popular
TAJ employee charged in multi-million dollar...
Earthquake rattles sections of Jamaica
Stocks: Paramount Trading leads today's 27...