In a year that has been one of the worst for stocks in some time, the beleaguered capital markets may be getting a big gift from the world’s largest automaker. Volkswagen is reported to be ready to bring Porsche, the venerable sports-car company, public in the fourth quarter of this year with one of Germany’s biggest initial public offerings ever. It is estimated to set the value of the company at a stunning 60 billion to 80 billion euros, or about 60 billion to 80 billion in U.S. dollars.
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This post originally appeared at 24/7 Wall St.