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Volkswagen to List Porsche in One of Biggest IPOs in Years

Volkswagen AG VOW 4.08%▲ said Monday that it would list its iconic sports car maker Porsche AG POAHY 0.57%▲ in one of the biggest initial public offerings in years and a crucial test of investors’ confidence as high inflation and the war in Ukraine put a damper on the global economy.

The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates, injecting fresh cash into VW’s coffers that executives say will help the company bankroll its transition to electric vehicles and self-driving cars.

Read More on The Wall Street Journal