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Porsche Rises in Landmark IPO Weathering Tough Markets


Porsche’s listing is a bold move into public markets, which have been largely shut to IPOs for most of the year, with companies shying away from seeking new listings because of the European energy crisis, rising interest rates and record inflation. The sale will help Volkswagen raise funds to plow into its electrification push, while investors get a slice of an emotive brand akin to Ferrari NV, which also managed a successful separation from parent Fiat in 2015.





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