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According to Handelsblatt, Porsche might be valued at €45-90 billion as a result of the IPO, with the funds going toward the company's transition to electric vehicle manufacture.
Throughout the year, there have been rumors about a prospective Porsche IPO. However, according to Handelsblatt, which cites reliable sources, no final decision has been taken, thus the timing and other specifics of the potential sale are still unknown.
The Porsche and Piech families, who own Porsche SE Holding, Volkswagen's largest shareholder, are also considering selling a portion of their Volkswagen stock to invest in the Porsche IPO, according to the German daily.
Through their Porsche SE holding, the families now own 31.4 percent of Volkswagen and have 53.3 percent of voting rights. The Porsche and Piech families, according to Handelsblatt, could sell enough of their shares to raise roughly €15 billion, although they would still be Volkswagen's top shareholders.
The Porsche SE holding company reacted to the German edition's publication, calling the information regarding the upcoming IPO "pure speculation." Volkswagen has been silent about the matter.
source: handelsblatt.com
Throughout the year, there have been rumors about a prospective Porsche IPO. However, according to Handelsblatt, which cites reliable sources, no final decision has been taken, thus the timing and other specifics of the potential sale are still unknown.
The Porsche and Piech families, who own Porsche SE Holding, Volkswagen's largest shareholder, are also considering selling a portion of their Volkswagen stock to invest in the Porsche IPO, according to the German daily.
Through their Porsche SE holding, the families now own 31.4 percent of Volkswagen and have 53.3 percent of voting rights. The Porsche and Piech families, according to Handelsblatt, could sell enough of their shares to raise roughly €15 billion, although they would still be Volkswagen's top shareholders.
The Porsche SE holding company reacted to the German edition's publication, calling the information regarding the upcoming IPO "pure speculation." Volkswagen has been silent about the matter.
source: handelsblatt.com
