Initial public offerings (IPOs) in Europe have long lagged behind their US counterparts

however, a new IPO of a premier car brand may bring some solace to EU investors looking to spice up their portfolios with fresh IPOs.

The valuation they’re aiming at is €75 billion ($seventy five.1 billion) for the luxurious sports activities automobile logo, from the preceding high-end range of €85 billion.

Further, VW group will look to price the share of Porsche AG at €76.50 to €82.50 per share, which translates to a range of €70-75 billion.

initial public offering (IPO) reaches the upper range, it will be the third largest IPO in Europe of all time.

As part of the listing, 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares

The Porsche IPO will basically contain 25% of preferred shares on the open market; However

Qatar has pledged to buy up 4.99% of the float, leaving 20.01% for the market participants or 10% of Porsche’s total capital.

Finally, 75% minus one ordinary share of Porsche AG’s total share capital will be owned by Volkswagen Group. Once the funds are raised