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Benzinga
Benzinga
World
Akanksha Bakshi

Porsche SE Supports Volkswagen's IPO Plans For Porsche AG, Sees Conflict In Ukraine Affecting Timing: Reuters

Porsche Volkswagen Porsche AG Porsche SE Ukraine Porsche Automobil Holding SE VWAGY

Volkswagen AG (OTC:VWAGY) shareholder Porsche Automobil Holding SE (OTC:POAHY) supports plans to list luxury sportscar maker Porsche AG. Still, the conflict in Ukraine could affect the timing of the proposed IPO, reported Reuters.

Volkswagen aims to conduct the Porsche initial public offering (IPO) in 4Q22, though that may change if the conflict in Ukraine drags on, Porsche SE's CFO mentioned.

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