Volkswagen and Top Investor Head Towards Porsche IPO
Porsche AG could be valued at up to US$102 billion in an initial public offering (IPO).
The post Volkswagen and Top Investor Head Towards Porsche IPO appeared first on LUXUO.
Image: Porsche
Volkswagen and its biggest shareholder, Porsche Automobil Holding SE, have made plans to list Porsche. This could get lead to unlocking value from the luxury car brand and is tipped to be one of the world’s largest stock market debuts.
According to Reuters, Porsche AG could be valued at up to US$102 billion in an initial public offering (IPO). Volkswagen’s current market value stands at US$131 billion. In a recent report, Bloomberg says investors could be offered up 25 per cent of “non-voting shares” while the Porsche and Piech family ? which control Porsche Automobil Holding SE ? “buys a minority blocking stake”. The news outlet alleges this information comes from people close to the deliberations.
Porsche Macan GTS. Image: Porsche
READ MORE: 2021: Record Sales For Luxury Cars
It still unclear when this move is set to take place, however, experts estimating that the IPO could happen in the second part of the year. Bloomberg‘s source claims that the IPO “might include a special dividend to help the Porsche and Piech family, who own 53 per cent of VW voting shares, finance the transaction”.
Since this announcement, Volkswagen shares rose as much as 7.2 per cent while Porsche SE’s shares went up as much as 8.3 p...
The post Volkswagen and Top Investor Head Towards Porsche IPO appeared first on LUXUO.
Image: Porsche
Volkswagen and its biggest shareholder, Porsche Automobil Holding SE, have made plans to list Porsche. This could get lead to unlocking value from the luxury car brand and is tipped to be one of the world’s largest stock market debuts.
According to Reuters, Porsche AG could be valued at up to US$102 billion in an initial public offering (IPO). Volkswagen’s current market value stands at US$131 billion. In a recent report, Bloomberg says investors could be offered up 25 per cent of “non-voting shares” while the Porsche and Piech family ? which control Porsche Automobil Holding SE ? “buys a minority blocking stake”. The news outlet alleges this information comes from people close to the deliberations.
Porsche Macan GTS. Image: Porsche
READ MORE: 2021: Record Sales For Luxury Cars
It still unclear when this move is set to take place, however, experts estimating that the IPO could happen in the second part of the year. Bloomberg‘s source claims that the IPO “might include a special dividend to help the Porsche and Piech family, who own 53 per cent of VW voting shares, finance the transaction”.
Since this announcement, Volkswagen shares rose as much as 7.2 per cent while Porsche SE’s shares went up as much as 8.3 p...
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