VW Group sticks to Porsche IPO plans despite stock market rout

to help raise funds for investment in the key areas of electric vehicles, self-driving technology, and software development.

A lot has changed since then. There's the ongoing war in Ukraine, worldwide political strife, raging inflation, rising interest rates, an energy crisis, and stock markets declining across all sectors. Despite these challenges, VW Group will go ahead with a planned initial public offering of Porsche in the fourth quarter of the year, Arno Antlitz. VW Group's chief financial officer, said late last month during an investor presentation in Germany.reported last week VW Group is lining up investment banks to serve as underwriters of the IPO and is considering launching the IPO as soon as September, with an aim to list in October.

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