As Volkswagen’s supervisory board is prepping for the IPO of its Porsche brand, reports say that the IPO will consist of 911 million shares. The 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares. And, only the preferred shares will be listed.
According to sources, a stock exchange prospectus will be published on Monday. After the announcement, institutional and private investors can subscribe to Porsche shares. Volkswagen and Porsche have not confirmed it.
Porsche’s valuation is expected to be between 70 billion and 80 billion euros. However, there is no certainty about the situation considering the fluctuating situation in the market, especially in the wake of inflation. But, Porsche is confident of reaching the target valuation. The valuation will still be lower than that of Ferrari on benchmark measures. But, it will be higher than a few other premium automakers.
