Porsche May Have To Significantly Cut Valuation Expectations For IPO | Carscoops carscoops
could be valued at between €55 billion and €100 billion , setting a fair value at roughly €75 billion while noting that it is a “great company but not Ferrari.”also spoke with a top-20 Volkswagen shareholder who wasn’t particularly keen on the IPO, noting that only a small amount of stock will be sold meaning new shareholders will have little influence.
Important bankers behind the deal will survey market conditions at the end of August with a final Porsche board decision to come after. Sources suggest that an IPO date on the Frankfurt Stock Exchange is likely towards the end of the third quarter or early in the fourth quarter. A key motivator for Porsche to go public are its electric vehicle plans. The car manufacturer wants EVs to account for 80 per cent of its sales by 2030 and the funds generated by an IPO will help to finance this shift.
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