In the coming weeks, Porsche plans a massive IPO.
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The renowned Porsche brand is officially going public.
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Despite nauseating stock market instability that has blocked other major mergers.
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Just as Russia's invasion of Ukraine startled investors.
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Volkswagen (VLKAF) began considering spinning off the high-performance automaker.
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Volkswagen announced late on Monday that, "subject to future capital market developments."
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It has decided to proceed with the initial public offering later this month or early October.
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Preference shares worth up to 12.5% of Porsche would be available to investors.
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While Volkswagen shareholders will get roughly half of the proceeds "of a successful IPO."
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According to Reuters, Volkswagen could raise more than €10.5 billion ($10.4 billion)
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Porsche's initial public offering could value the company at up to €85 billion ($84.4 billion).
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Data from Dealogic suggest making it one of Europe's largest IPOs.
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