It was really bad timing. A few hours after Russia attacked Ukraine, Volkswagen announced in late February that it was considering an IPO for Porsche. The environment for IPOs has since darkened. And now, in mid-July, at Porsche’s capital market day, it wasn’t really clear what economic sense was behind the planned IPO of the sports car manufacturer.
The entrepreneurial benefits from the IPO are limited for both the parent company Volkswagen and Porsche itself. Critics say that only the Porsche family who own it benefit. They can soon look forward to lavish dividends that will not be affected by the Volkswagen Group with its lower-margin volume brands.
>> Read also on the topic: Germany’s most profitable carmaker Porsche polishes up for the stock market
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