Will Porsche’s Stock IPO Be as Popular as Its Sports Cars?

admin

People love Porsche’s cars, but will they love its stock?

Volkswagen VWAGY, the world’s biggest automaker by sales and Porsche’s parent, is betting they will. It is moving forward with an initial public offering of the sports car maker’s stock that is expected to launch in the coming weeks. The billions expected to be raised will help both companies gear up for a future in electric vehicles.

In the most challenging of environments for global automakers, Porsche has delivered revved-up sales and profits. It had a banner year in 2021, selling more than 300,000 cars for the first time, and

Read more