The IPO will see preferential shares sold to investors, which have no voting rights.

"It will be the largest IPO in Germany for decades!"
'Car market catalyst' Analysts are looking to the carmaker's market entry for some cheer against a morose economic backdrop, with investment bank Berenberg saying it could "offer a catalyst in an industry sorely lacking positive surprises".

The electric strategy includes building battery factories across Europe and the US.

The IPO will see preferential shares sold to investors, which have no voting rights, while Volkswagen will also sell 25 percent of the carmaker to Porsche SE.

Volkswagen hopes that listing a minority stake in Porsche will push up its own stock market value, which is 85 billion euros -- just a fraction of Tesla's, at just over $900 billion.
Source: NDTV
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