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Porsche denies IPO plans

  • Executives with Porsche (OTCPK:POAHF, OTCPK:POAHY) deny speculation that the company is planning to go down an IPO path.
  • The decision on a Porsche IPO rests in the hands of parent company Volkswagen (OTCPK:VWAGY).
  • Shares of Porsche are down 0.6% in Frankfurt after jumping over 2% on Friday following the IPO buzz.

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