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Volkswagen Says Porsche Listing Is on Track as Planned

Porsche has secured pre-orders that exceed the shares on offer.

Porsche has secured pre-orders that exceed the shares on offer.

Source: Porsche

Updated on

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.