Porsche’s potential initial public offering (IPO) has yet to be confirmed, Porsche Automobil Holding SE recently confirmed.
In February, Volkswagen AG confirmed that they were in advanced discussions with Porsche Automobil Holding SE to take the sports car maker public. A final decision has yet to be made, however.
“We are working on financing plans in order to be robust in different valuation scenarios for an IPO (initial public offering),” Porsche SE chairman Hans-Dieter Poetsch told Reuters. “The actual feasibility of the IPO depends on a large number of different influencing factors… final decisions have not yet been made.”
Read More: VW Confirms “Advanced Discussions” Over A Potential Porsche IPO
Some analysts suggest that Porsche could be worth up to $100.7 billion and if that’s the case, it would unlock a remarkable amount of funds that VW could use as part of its transition to become a manufacturer of only electric vehicles.
VW chief executive Herbert Diess recently said that he believes the timing of a Porsche IPO in the fourth quarter of this year would be ideal. This comes despite Diess initially expressing some reservations about taking Porsche public when speaking on the matter in 2021, saying “you don’t want to give up a pearl like Porsche.”
Porsche has considered the idea of an initial public offering in the past. In late 2018, the automaker’s then chief financial officer, Lutz Meschke, said an IPO could help to unlock Porsche’s value in a very similar way to Ferrari’s successful IPO. Meschke believed that the market value of an independent Porsche could have rivaled that of the entire VW Group.
