A Porsche IPO could value the sports car manufacturer as high as $80 billion.
Though rumored for years, Volkswagen Group has now finally confirmed its interest in taking its Porsche subsidiary public.
The talks are primarily between VW AG's board and the board of its main shareholder, Porsche SE, the holding company majority owned by the Porsche and Piech families, and which owns 31.4% of VW Group and has 53.3% of the voting rights. A final decision on the IPO will require the approval of both boards.
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