10 days ago • 3:13 mins
Super-charged demand for Porsche shares means Volkswagen is pressing ahead with the luxury carmaker's initial public offering (IPO).
What does this mean?
With the average investor currently a bag of nerves, most companies would steer clear of an IPO anytime soon: after all, an atmosphere of lackluster demand and falling prices isn’t very inviting, and a more stable market might be a safer bet. But the world works differently for Volkswagen (VW). Earlier this month, it hinted at strong investor enthusiasm for its planned IPO of Porsche – and on Tuesday, new details suggested that the shares on offer will prob
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