Porsche lines up IPO demand at up to €85bn valuation

Volkswagen AG’s luxury brand plans to announce its intention to float in Frankfurt in the first week of September, sources say

Porsche has secured pre-orders that exceed the shares on offer at a valuation between €60bn and €85bn. Picture Liesa Johannssen-Koppitz/Bloomberg

Porsche has lined up investor interest for its initial public offering at a valuation of as much as €85bn, signalling one of Europe’s biggest-ever listings is poised to go ahead despite market headwinds, according to sources familiar with the matter.

Volkswagen AG’s luxury brand has secured pre-orders that exceed the shares on offer at a valuation between €60bn and €85bn, said the sources, who asked not to be identified because discussions are private.