The Porsche ‘Sally Special’ created in partnership with Disney’s Pixar
(Picture: Porsche)German car maker Volkswagen has set a benchmark of €9.4 billion (£8.2 billion) it expects from the upcoming initial public offering (IPO) of its iconic Porsche brand.
The marque said that it would seek a valuation of €70 billion to €75 billion for the listing, below an earlier top-end goal of as much as €85 billion, despite the economic headwinds currently buffeting the global economy.
