VW revives Traton listing but investors question timing

Traton, Volkswagen’s heavy trucks division, is back on the market. The German auto giant relaunched the IPO after it was postponed in March owing to market volatility caused by trade tensions between the US and China. The deal is a key event for the equity capital markets in what has been a tricky year. It is important for those involved and for the wider market that it goes well. Yet conditions are not much better now, particularly for auto stocks, raising questions among investors about Traton’s timing, writes Aidan Gregory.