Iconic Sports Carmaker Porsche Will Go Public on September 29

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The Street

By Luc Olinga German automaker hopes to raise $9.4 billion from the initial public offering. The moment has come. Volkswagen (VLKAF) will grant independence to its iconic brand Porsche despite the upheavals currently shaking the markets due to uncertainties about the state of the health of the world economy in the grip of record inflation. On September 29, the sports brand will therefore be listed on the stock market, Volkswagen announced on September 18 in a press release. It will be on the Frankfurt Stock Exchange in Germany. For this transaction, the German giant wants to raise between 8.71…

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