Volkswagen wants to list its high-dollar sports car brand Porsche, on the stock market. If all goes well, the initial public offering (IPO) should happen later this year.
In an effort to finance the mega-brand behemoth’s transition to EVs, the brand has intentions of making Porsche a publically traded entity on the stock market. In a report from Bloomberg news, VW AG has plans on listing Porsche by the fourth quarter of 2022. It insists that Porsche has been a strong performer, resilient to market disruptions, like the recent supply chain crisis. Compared to large, unproven technology ventures, Porsche executives insist the company should be a strong, proven entity to invest in.
The Porsche listing could be Germany’s biggest-ever IPO, at a potential $95 billion, according to a report from Bloomberg in March. The Porsche public listing isn’t the only potential offering on the market, either. Sources tell Bloomberg that VW’s battery production arm has been set up for a potential IPO listing by 2024.
Both announcements come in an era where IPOs have started to slow. More than a few companies have held off on their public offerings citing a poor market from the supply chain crisis, or the war in Ukraine. Companies like Lyft, Uber, and Rivian have struggled after their initial public offering. Arguably, Porsche’s strength and history as a car manufacturer could potentially isolate it from some of the woes that befell others. Only time will tell, watch for the Porsche initial public offering this coming winter.
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