Porsche may IPO at $85 billion valuation


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According to Bloomberg, citing sources, Porsche’s planned initial public offering (IPO) is valued at as much as $85 billion. It is reported that Porsche has received 60 billion -85 billion euros in the issuance of shares reservation orders. In the absence of unexpected market shocks, Porsche plans to announce its intention to go public in Frankfurt in the first week of September, following supervisory board approval, these people said. According to reports, Red Bull Group (Red Bull), Louis Vuitton Group (LVHM) and asset management leader T. Rowe Price (T. Rowe Price) have all expressed investment intentions for Porsche’s proposed IPO.

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