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1 year ago

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Breakingviews - Porsche IPO leaves VW stock in Skoda territory

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Breakingviews - Porsche IPO leaves VW stock in Skoda territory

Volkswagen investors should be cheering. The German carmaker's listing of its Porsche subsidiary has been a rip-roaring success: it priced at the top end of the range amid a volatile market. By selling a 25% stake parent VW will raise 19.5 billion euros, much of which can help its electric vehicle transition, and they now have a market-endorsed value for the luxury unit. Unfortunately, the net effect is to make Volkswagen look more like a Skoda.

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Breakingviews - Porsche IPO leaves VW stock in Skoda territory

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Breakingviews - Porsche IPO leaves VW stock in Skoda territory

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