VW says it will not pursue Traton IPO for now due to market conditions

Business

Volkswagen said on Wednesday it would not pursue an initial public offering of its trucks unit Traton due to current market conditions but said the board of management still wanted to list the division if the environment improves.

“In the current market environment, Volkswagen Aktiengesellschaft today decided not to continue with preparation of an IPO of Traton SE for the time being,” Volkswagen said in an adhoc statement.

Products You May Like

Articles You May Like

Why women will fall short in retirement, even if they wait until age 67
Chart analysts like chances for a big rally after S&P 500 forms ‘inverse head-and-shoulders’
Cramer: Investors need a new playbook now that the Fed ended rate hikes this year
Lyft, Uber and Pinterest are going public. Here’s what the process looks like
Cramer Remix: Levi’s stock is too rich to buy after its high-flying IPO

Leave a Reply

Your email address will not be published. Required fields are marked *