Porsche issuing 911 million shares in IPO to salute its iconic model
Inside Porsche’s all-electric Taycan
Porsche’s first electric car Taycan is outselling the Tesla Models S and X. FoxNews.com automotive editor Gary Gastelu with more.
Porsche is going public.
Volkswagen is planning to spin off the sports car brand with an IPO expected to be valued in the $70 billion to $75 billion range.
The valuation would make it worth roughly twice that of Ferrari, which was turned into an independent company by Fiat in 2015.
Volkswagen Chief Executive Oliver Blume is set to run the new company, officially called Dr. Ing. h.c. F. Porsche AG.
‘CARS’ PORSCHE 911 SOLD FOR $3.6 MILLION AT CHARITY AUCTION
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.