Volkswagen looking to float Porsche brand in potential IPO
Car manufacturer Volkswagen is in “Advanced discussions” to float its Porsche brand in what could result in one of the largest initial public offerings (IPOs) in Germany for years.
VW, the world’s second-largest carmaker by volume released a statement saying that it was in talks with its majority shareholder, Porsche SE - the German holding company owned by the founding family of Ferdinand Porsche.