Porsche IPO Valuation and VW Share Sale Details

Anyone interested in the Porsche IPO? Predictions? Porsche shares are set to start trading on Sept. 29 and could value it at $78B. Volkswagen is selling 25% of its Porsche brand and is expected to raise around $19.5B. More: - Volkswagen said it plans to distribute about half of the net proceeds from the Porsche share sale to its shareholders in a special dividend. - CFO Arno Antlitz had previously stated that money raised from the Porsche share sale would finance the company’s transformation to electric vehicles. - Qatar Investment Authority, Norway’s Norges Bank Investment Management, T. Rowe Price, and ADQ, an investment arm of the Abu Dhabi government, have together pledged to buy at least €3.54B (~$3.54B) worth of Porsche’s preferred shares. - Some investors have criticized Volkswagen’s structure of the Porsche share sale, noting it cements insider control of Volkswagen and Porsche. #The Most Important Thing https://www.wsj.com/artic..