Volkswagen is targeting a valuation of up to 75 billion euros for luxury sportscar maker Porsche, in what could possibly be Germany's second-largest IPO in history and Europe's third-largest.
The German carmaker will price preferred Porsche AG shares f at 76.50 euros to 82.50 euros each, translating into a 70 billion to 75 billion euros valuation.
Trading will begin on the Frankfurt Stock Exchange on Sept. 29, Volkswagen said.
The 911 million Porsche AG shares will be divided into 455.5 million preferred and 455.5 million ordinary shares.
Over the course of the IPO, up to 113,875,000 preferred shares without voting rights will be distributed to investors.
The mutual fund corporation T. Rowe Price, as well as the sovereign wealth funds of Qatar, Abu Dhabi, and Norway, would purchase preferred shares valued at up to 3.68 billion euros as cornerstone investors, according to Volkswagen.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Investors value green labels — but not always for the right reasons
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Samsung Electronics Shares Jump on HBM4 Mass Production Report
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Gold Prices Rise as Markets Await Trump’s Policy Announcements
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 



