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17.12 - 16:17
Volkswagen mulling Porsche IPO to help fund shift to electric – reports
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Volkswagen is still considering a stock market listing of its luxury sports car brand Porsche, according to reports, as it looks to raise capital for a costly shift towards electric vehicles.
Estimates for what Porsche could be worth as a standalone company range between €45bn and €90bn (£38bn and £77bn).
Speculation about what could be a record-breaking Porsche listing has surfaced over the year, but no decision has been made, due to a complex stakeholder setup, sources told the Reuters news
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