Volkswagen Says Porsche Listing Is on Track as Planned
Porsche has secured pre-orders that exceed the shares on offer.
Source: Porsche
This article is for subscribers only.
Volkswagen AG said the planned initial public offering of Porsche is on track even as global markets face deep turmoil amid a worsening energy crisis in Europe.
“Things are progressing according to plan,” Chief Financial Officer Arno Antlitz said in a statement published on VW’s corporate intranet Monday.