VW May Spin Off Porsche as an IPO
12-08-2021, 01:21 PM
#1
Three Wheelin'
Thread Starter
VW May Spin Off Porsche as an IPO
I just bought XXX shares of Porsche, OTC symbol POAHY today,
HAMBURG -- Volkswagen Group is still exploring a possible initial public offering of its luxury brand Porsche as a way to fund its costly shift towards software and electric vehicles, two people familiar with the matter told Reuters.
Speculation about a Porsche listing, which could be a record-breaking IPO, has surfaced over the year, but no decision has been made due to a complex stakeholder set-up, the sources said on Tuesday, adding it was unclear whether a listing would happen.
Reports about a possible listing of the unit have included estimates of a standalone Porsche valuation of between 45 billion ($51 billion) and 90 billion euros ($101 billion).
HAMBURG -- Volkswagen Group is still exploring a possible initial public offering of its luxury brand Porsche as a way to fund its costly shift towards software and electric vehicles, two people familiar with the matter told Reuters.
Speculation about a Porsche listing, which could be a record-breaking IPO, has surfaced over the year, but no decision has been made due to a complex stakeholder set-up, the sources said on Tuesday, adding it was unclear whether a listing would happen.
Reports about a possible listing of the unit have included estimates of a standalone Porsche valuation of between 45 billion ($51 billion) and 90 billion euros ($101 billion).
Last edited by 4ocious; 12-09-2021 at 09:41 AM.
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pirahna (12-08-2021)
12-08-2021, 05:37 PM
#2
This is interesting, thanks for bringing it up. TBH, I've been looking to buy into Porsche as they are working on their own alternative fuel. I think there could be a huge market for this.
I don't know how real that is however, but if there is an IPO coming , I'll put more time thinking about it. I'm kind of curious as to what impact this will have on which companies are being built.
I don't know how real that is however, but if there is an IPO coming , I'll put more time thinking about it. I'm kind of curious as to what impact this will have on which companies are being built.
