Porsche gears up for Frankfurt stock market float

Porsche is ready to start the formal process for a stock market listing as early as next month after attracting interest from billionaires and a sovereign wealth fund.

It is the latest sports car brand to be prepared for flotation after its owners, Volkswagen and the Piëch and Porsche families, confirmed a preliminary agreement to look at becoming a public company in February. If the float goes ahead, it would be a sign of confidence in the stock market, which has faced strong headwinds this year.

The marque has secured pre-orders that exceed the shares on offer, at a valuation of between €60 billion and €85 billion. Porsche plans to announce its intention to float in Frankfurt in “the first week of September”, according to

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