Porsche shares could be traded for the first time at the end of September.
(Photo: imago/Eibner)
Big words accompany the planned IPO of the sports car manufacturer Porsche. If the initial listing succeeds in a few weeks, the financial markets would experience one of the most important IPOs in recent decades, and the VW Group as the owner would benefit significantly from this. At least that’s what the supporters of the IPO are spreading.
But if you take a closer look, you will see that this is not true. The Volkswagen Group will lose. The Wolfsburg-based company is giving up part of an important subsidiary – and getting little for it. The winner of this IPO construct is the owner family Porsche-Piëch.
Immediately after the release of the stock exchange plans, Volkswagen justified the decision by saying that the group would receive substantial proceeds from the sale of the Porsche shares. VW can thus finance the transformation with electrification and digitization more flexibly.
Family can acquire blocking minority interest in Porsche
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