What gets the pulses of the super-rich racing? Fast cars and stock market floats probably feature high on the list. The initial public offering (IPO) of Porsche is well set to deliver thrills on both counts when shares start trading on Frankfurt’s stock exchange on Thursday.
With a hoped-for valuation of €75bn (£65bn), the spin-out of the German sports carmaker from its owner Volkswagen would count as the fifth-largest float in European history.
