Porsche launched on the Frankfurt Stock Exchange in the most significant Initial Public Offering (IPO) Germany has witnessed in decades. Immediately after dealers received the all-clear, shares increased to 84 euros. Compared to Volkswagen's initial appraised value of 82.50 euros, it was a better start than anticipated. With that, Porsche is valued at 76 billion euros. Volkswagen plans to raise approximately 9 Billion euros through the sale of Porsche shares, even though the inaugural public offering takes place during a period when marketplaces are in disarray due to rising prices and the impending recession. Announcement of Volkswagen The chief financial officer of Volkswagen stated that they are currently in the final stretch with IPO prospects for Porsche and appreciate the cooperation of our foundation partners. VW announced it would value Porsche's additional stock at 76.50 and 82.50 euros per share, giving the sports car manufacturer a stock market valuation of between 70 and 75 billion euros. However, due to investor worries about increasing interest rates and a probable worldwide recession, the data on Sunday fell well short of a previous valuation estimate of up to 85 billion euros. VW estimated that the share sale would generate up to 9.4 billion euros. It will use it to fund its transition to electric cars and invest in application or software development. In December, if the IPO goes through, it would host a conference for investors and recommend giving investors a special dividend equal to 49% of the gross proceeds generated by their shares. Further Reading \t 10 Crucial Elements of a Successful Marketing Campaign \t How to Use T-Shirt Advertising to Promote Your Business? \t Will Electronic Arts Succeed in Resisting the Decline in Video Gaming?