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Hans-Dieter Poetsch, chairman of Porsche SE, explained that the carmaker’s IPO will depend on market conditions.
Since 2012, the German brand Volkswagen has owned the Porsche brand. And the latter is preparing to take Porsche AG public in order to raise funds to finance its electric car projects, having already reached a framework agreement with Porsche for its IPO.
But Porsche Automobil Holding SE warned Friday that the feasibility of a listing for luxury sports car maker Porsche AG, scheduled for the fourth quarter of this year, depended on many factors, including market conditions. “We are working on financing plans to be robust in different valuation scenarios for an IPO (initial public offering),” commented Hans-Dieter Poetsch, president of Porsche SE. “The actual feasibility of the IPO depends on a lot of different influencing factors… the final decisions have not yet been made.” he adds.
Volkswagen and Porsche SE, its largest shareholder, have jointly worked out a preliminary agreement to list Porsche in February, hoping to unlock value from the luxury car brand in what could be one of the world’s biggest stock market debuts.
Moreover, Volkswagen Chairman and CEO Herbert Diess said Thursday that he believes the time is right for an IPO of the famous automaker.
Read also > AUDI AND PORSCHE MAKE A COMEBACK IN FORMULA 1
Featured photo : © Porsche[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
Hans-Dieter Poetsch, chairman of Porsche SE, explained that the carmaker’s IPO will depend on market conditions.
Since 2012, the German brand Volkswagen has owned the Porsche brand. And the latter is preparing to take Porsche AG public in order to raise funds to finance its electric car projects, having already reached a framework agreement with Porsche for its IPO.
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Hans-Dieter Poetsch, chairman of Porsche SE, explained that the carmaker’s IPO will depend on market conditions.
Since 2012, the German brand Volkswagen has owned the Porsche brand. And the latter is preparing to take Porsche AG public in order to raise funds to finance its electric car projects, having already reached a framework agreement with Porsche for its IPO.
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