VW CFO Says Porsche IPO Would Be Key Step for Strategy

68
6
Favorite

VW CFO Says Porsche IPO Would Be Key Step for Strategy

Bloomberg2022-09-05

Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（6）

jethro
·2022-09-10
hi can anyone here tell me what is yhe difference between vwapy n wvagy
Reply
2
Report
MrHuattt
·2022-09-05
Ok
Reply
1
Report
Fold Replies
- MrHuattt:
  Alright
  2022-09-05
  Reply
  Report
xiaojn
·2022-09-05
Ok
Reply
1
Report
EAvenue
·2022-09-05
K
Reply
1
Report
patrickLai
·2022-09-05
Woah
Reply
2
Report
Fold Replies
- xiaojn:
  k
  2022-09-05
  Reply
  Report
- patrickLai:
  nice
  2022-09-05
  Reply
  Report
Shishir
·2022-09-05
Ok
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1139105355?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-09-05 16:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1139105355","market":"us","top_or_hot":-1,"title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","media":"Bloomberg","content":"<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VWAPY","symbol_name":"Volkswagen AG","start_time":0,"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","article_id":"1139105355","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","pubTimestamp":1662367152,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VWAPY":"Volkswagen AG"},"translate_title":"大众首席财务官称保时捷IPO将是战略关键一步","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWAPY":0.9},"content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9936865670,"gmtCreate":1662746911391,"gmtModify":1676537132232,"author":{"id":"4103089604754610","authorId":"4103089604754610","name":"jethro","avatar":"https://static.tigerbbs.com/445b4765728802a2e3b3795587bae0a3","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"4103089604754610","idStr":"4103089604754610"},"htmlText":"hi can anyone here tell me what is yhe difference between vwapy n wvagy","listText":"hi can anyone here tell me what is yhe difference between vwapy n wvagy","text":"hi can anyone here tell me what is yhe difference between vwapy n wvagy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9936865670","repostId":1139105355,"repostType":2,"repost":{"id":"1139105355","kind":"news","pubTimestamp":1662367152,"share":"https://ttm.financial/m/news/1139105355?lang=&edition=fundamental","pubTime":"2022-09-05 16:39","market":"us","language":"en","title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","media":"Bloomberg","summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","content":"<html><head></head><body><p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.</p><p>“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”</p><p>The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.</p><p>Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.</p><p>Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.</p><p>While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.</p><p>On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.</p><p>Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAPY":"Volkswagen AG"},"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139105355","content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9931981961,"gmtCreate":1662382696154,"gmtModify":1676537049088,"author":{"id":"4089116574465250","authorId":"4089116574465250","name":"MrHuattt","avatar":"https://community-static.tradeup.com/news/e67f8f8c2b0192fadc4cd499a84e6c8b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"4089116574465250","idStr":"4089116574465250"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931981961","repostId":1139105355,"repostType":4,"repost":{"id":"1139105355","kind":"news","pubTimestamp":1662367152,"share":"https://ttm.financial/m/news/1139105355?lang=&edition=fundamental","pubTime":"2022-09-05 16:39","market":"us","language":"en","title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","media":"Bloomberg","summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","content":"<html><head></head><body><p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.</p><p>“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”</p><p>The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.</p><p>Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.</p><p>Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.</p><p>While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.</p><p>On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.</p><p>Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAPY":"Volkswagen AG"},"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139105355","content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103779889,"gmtCreate":1662382700658,"gmtModify":1663258249935,"authorId":4089116574465250,"author":{"id":4089116574465250,"idStr":"4089116574465250","authorId":4089116574465250,"name":"MrHuattt","avatar":"https://community-static.tradeup.com/news/e67f8f8c2b0192fadc4cd499a84e6c8b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9931981961,"type":1,"supId":0,"prevId":0,"content":"Alright","text":"Alright","html":"Alright"}],"langContent":"EN"},{"id":9931912997,"gmtCreate":1662381153619,"gmtModify":1676537048879,"author":{"id":"3554893275482082","authorId":"3554893275482082","name":"xiaojn","avatar":"https://static.tigerbbs.com/1d013f63de4e09aaf06a8ae8cf90aeb8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3554893275482082","idStr":"3554893275482082"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931912997","repostId":1139105355,"repostType":4,"repost":{"id":"1139105355","kind":"news","pubTimestamp":1662367152,"share":"https://ttm.financial/m/news/1139105355?lang=&edition=fundamental","pubTime":"2022-09-05 16:39","market":"us","language":"en","title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","media":"Bloomberg","summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","content":"<html><head></head><body><p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.</p><p>“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”</p><p>The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.</p><p>Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.</p><p>Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.</p><p>While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.</p><p>On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.</p><p>Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAPY":"Volkswagen AG"},"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139105355","content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9931995802,"gmtCreate":1662377641606,"gmtModify":1676537048291,"author":{"id":"3584939916187250","authorId":"3584939916187250","name":"EAvenue","avatar":"https://static.tigerbbs.com/e3beb412a0aa565cfaac4f68f1721fd6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3584939916187250","idStr":"3584939916187250"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931995802","repostId":1139105355,"repostType":4,"repost":{"id":"1139105355","kind":"news","pubTimestamp":1662367152,"share":"https://ttm.financial/m/news/1139105355?lang=&edition=fundamental","pubTime":"2022-09-05 16:39","market":"us","language":"en","title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","media":"Bloomberg","summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","content":"<html><head></head><body><p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.</p><p>“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”</p><p>The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.</p><p>Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.</p><p>Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.</p><p>While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.</p><p>On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.</p><p>Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAPY":"Volkswagen AG"},"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139105355","content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9931901872,"gmtCreate":1662374847096,"gmtModify":1676537047858,"author":{"id":"3585604372962377","authorId":"3585604372962377","name":"patrickLai","avatar":"https://static.tigerbbs.com/baedd77ad7c3a28da1ae2ecc8b2e88aa","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3585604372962377","idStr":"3585604372962377"},"htmlText":"Woah&nbsp;","listText":"Woah&nbsp;","text":"Woah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9931901872","repostId":1139105355,"repostType":4,"repost":{"id":"1139105355","kind":"news","pubTimestamp":1662367152,"share":"https://ttm.financial/m/news/1139105355?lang=&edition=fundamental","pubTime":"2022-09-05 16:39","market":"us","language":"en","title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","media":"Bloomberg","summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","content":"<html><head></head><body><p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.</p><p>“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”</p><p>The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.</p><p>Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.</p><p>Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.</p><p>While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.</p><p>On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.</p><p>Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAPY":"Volkswagen AG"},"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139105355","content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103779720,"gmtCreate":1662381159003,"gmtModify":1663258249050,"authorId":3554893275482082,"author":{"id":3554893275482082,"idStr":"3554893275482082","authorId":3554893275482082,"name":"xiaojn","avatar":"https://static.tigerbbs.com/1d013f63de4e09aaf06a8ae8cf90aeb8","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.14%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9931901872,"type":1,"supId":103778836,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"},{"id":103778836,"gmtCreate":1662374860297,"gmtModify":1663258245252,"authorId":3585604372962377,"author":{"id":3585604372962377,"idStr":"3585604372962377","authorId":3585604372962377,"name":"patrickLai","avatar":"https://static.tigerbbs.com/baedd77ad7c3a28da1ae2ecc8b2e88aa","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9931901872,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"}],"langContent":"EN"},{"id":9931042912,"gmtCreate":1662369431736,"gmtModify":1676537047204,"author":{"id":"3577771722524346","authorId":"3577771722524346","name":"Shishir","avatar":"https://static.tigerbbs.com/5bbb5ffb9814e2b46f518ffcbf85ff64","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3577771722524346","idStr":"3577771722524346"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931042912","repostId":1139105355,"repostType":4,"repost":{"id":"1139105355","kind":"news","pubTimestamp":1662367152,"share":"https://ttm.financial/m/news/1139105355?lang=&edition=fundamental","pubTime":"2022-09-05 16:39","market":"us","language":"en","title":"VW CFO Says Porsche IPO Would Be Key Step for Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1139105355","media":"Bloomberg","summary":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, ","content":"<html><head></head><body><p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.</p><p>“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”</p><p>The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.</p><p>Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.</p><p>Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.</p><p>While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.</p><p>On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.</p><p>Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW CFO Says Porsche IPO Would Be Key Step for Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW CFO Says Porsche IPO Would Be Key Step for Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VWAPY":"Volkswagen AG"},"source_url":"https://finance.yahoo.com/news/vw-cfo-says-porsche-ipo-071745259.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139105355","content_text":"Volkswagen AG’s finance chief Arno Antlitz said the planned listing of the Porsche sportscar brand, set to be one of Europe’s biggest initial public offerings ever, is a “key element” for the German industrial giant’s strategy.“The possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in an interview published on VW’s intranet Monday. “Things are progressing according to plan.”The carmaker’s management and supervisory boards will discuss Monday if an initial public offering of the iconic brand at the end of September or early October should go ahead in increasingly troubled global markets. A slowing economy, rampant inflation and surging energy costs have largely brought public listings to a standstill.Despite the turmoil, Porsche has lined up investor interest for its IPO at a valuation of as much as $85 billion, people familiar with the matter told Bloomberg News last month. The maker of the 911 sportscar and the electric Taycan has secured pre-orders that exceed the shares on offer at a valuation between 60 billion and 85 billion euros ($85 billion), said the people, who asked not to be identified because discussions are private.Big-name investors including T Rowe Price Group Inc. and Qatar Investment Authority have already indicated interest in subscribing to the IPO in that valuation range, the people said. Porsche has also been gaging interest from billionaires including the founder of energy drink maker Red Bull, Dietrich Mateschitz, as well as LVMH Chairman Bernard Arnault, according to the people.While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst market conditions in years. VW officially started preparation for a listing of its most prized asset in February, just before Russia’s invasion of Ukraine roiled markets and triggered an energy crisis.On Monday, the euro slid to a two-decade low after Russia escalated the continent’s energy woes by shutting off key gas taps, signaling more pressure from spiraling energy costs.Antlitz has taken on the additional role of chief operating officer following Porsche chief Oliver Blume becoming VW chief executive officer this month after the ouster of Herbert Diess.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":68,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}