Skip to content

VW Snubs Deutsche Bank For Lead Role On One of Germany’s Biggest-Ever IPOs

  • Deutsche Bank pitched with CEO Sewing, but missed top role
  • VW chooses four U.S. firms for $100 billion Porsche unit IPO
Porsche’s IPO could value the automaker at as much as 90 billion euros ($100 billion.)

Porsche’s IPO could value the automaker at as much as 90 billion euros ($100 billion.)

Photographer: Liesa Johannssen-Koppitz/Bloomberg
Updated on

The initial public offering of iconic sports-car maker Porsche, which is poised to be one of Germany’s biggest-ever IPOs, is missing the country’s biggest bank, Deutsche Bank AG.

Volkswagen AG picked an all-American lineup, snubbing European banks, to lead the planned share sale, which could value Porsche at as much as 90 billion euros ($100 billion), according to people familiar with the matter.