Volkswagen’s decision to press ahead with the IPO of Porsche is perceived as a one-off deal and success is closely linked to the appeal of its brand.
Key Takeaways
- Volkswagen Group is planning an initial public offering for Porsche
- The goal of the IPO is a US$70 billion to US$75 billion valuation
- This would make it Germany’s second-largest IPO in history, as well as Europe’s third-largest
Porsche’s landmark listing is defying market turmoil giving a welcome boost to a battered pipeline of share sales, Reuters reports, but the deal is unlikely to open the floodgates, bankers and analysts say, with European listings facing their worst year since 2009.
As market volatility persists amid Europe’s energy crisis and worsening economic forecasts, companies are holding off on their plans to go public.
Volkswagen’s decision to press ahead with the IPO of Porsche is perceived as a one-off deal whose success is closely linked to the appeal of its brand.
Watch the forbes.com video to find out more:
Porsche Going Public – Why VW Wants An IPO For The Luxury Sports Car Maker
