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Porsche (OTCPK:POAHY) continues to press ahead with its IPO plans and has attracted investor interest, according to Bloomberg.
Sources indicated that investors are interested in Porsche at a valuation of between $60 billion and $85 billion. This review Mark is a bit of an eye opener with Fords (f) Market Cap at $65B, Honda Motors (HMC) Market cap at $49 billion and Ferraris (RUN) market cap of BT$38 Rowe Price and Qatar Investment Authority are said to be among those interested in being early subscribers to the IPO.
The German automaker is expected to formally announce its intention to list shares in Frankfurt after regulators approved the plan in early September.
Porsche (OTCPK:POAHY) is a subsidiary of Volkswagen AG (OTCPK:VLKAF) and is part of the bullish thesis on the stock.
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