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.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Weekend reads: What's going on in your local housing market?In the first six months of 2022, national data reflected a sharp five-year decline in housing inventory as total listings fell over 33% in June 2022 from the same month in 2017.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

BlackRock cuts developed market stocks to underweight as economic outlook worsensBlackRock, the world's largest asset manager, said on Monday that it expects financial markets to continue to be volatile as central banks attempt to temper inflation and has reduced its exposure to developed market equities and upgraded its holdings of investment-grade credit.
Fuente: Reuters - 🏆 2. / 97 Leer más »