Barring any unexpected market shocks, Porsche plans to announce its intention to go public in Frankfurt in the first week of September, following approval by the Supervisory Board. The biggest IPO ever in Europe has finally made new progress. Porsche’s proposed initial public offering (IPO) is valued at up to $85 billion, according to sources cited by the media.
Porsche is said to have received a 60 billion-85 billion euro advance order to issue shares. Barring an unexpected market shock, Porsche plans to announce its intention to go public in Frankfurt in the first week of September, following approval by the supervisory board, the people familiar with the matter said.
Prominent investors, including Prudential and the Qatar Investment Authority, have expressed interest in subscribing to the Porsche IPO in the 60 billion-85 billion euro valuation range, the people familiar with the matter said.
Spokespeople for VW and Porsche declined to comment, and representatives of potential investors did not respond to requests for comment.
Market watchers, however, say that a Porsche IPO would reopen the once-depressed IPO market in Europe.
In fact, news of a Porsche IPO has come out several times before. Back in 2018, Porsche CFO Lutz Meschke floated the idea of a standalone IPO, saying the move would unlock value and replicate Ferrari’s success story from years ago. However, the IPO deliberations were not supported by the Volkswagen Group at the time.
At press time, VW Group was up 3.00% at €191.12 per share, with a market capitalization of €95.21 billion.
