Huber Management review details of expected Porsche IPO
German sports car manufacturer Porsche is in talks to debut on the stock market in 2022.
German sports car manufacturer Porsche is in talks to debut on the stock market in 2022. Porsche AG is a German automotive company specialising in high-performance sport cars, as well as SUVs and sedans. It’s controlled by parent company Volkswagen Group, which is the largest automaker in Europe.
When is the Porsche IPO?
The initial public offering (IPO) of Porsche AG could happen as early as the fourth quarter of 2022, although the timing will depend on market conditions. The Financial Times reported in February that Volkswagen, the current owner of Porsche AG, was forced to rush out a statement about the IPO plans in order to satisfy market disclosure rules.
Who owns Porsche AG?
Porsche AG is owned by Volkswagen Group. The two companies have worked together since the 1960s and Volkswagen acquired a 49.9% stake in Porsche AG in 2009 before buying the rest of the business a few years later.
What do we know about the Porsche IPO?
Volkswagen has said it plans to divide the stock of Porsche AG – half into ordinary shares and the other half in preference shares. Up to 25% of the preference shares will be listed as part of the IPO. While the ordinary shares will have voting rights, the preference shares will not. The ordinary shares will not be listed and will remain in the hands of Volkswagen. This is important as any interested investors must understand that Porsche AG will remain firmly under the control of both Volkswagen and Porsche SE.
Porsche’s valuation in 2022
The automaker’s valuation has been estimated at around €90bn ($102bn) by various analysts. Upon initial announcement of the IPO, shares in VW and Porsche SE jumped by 10.2% and 15.2%, suggesting that investors may expect Porsche’s brand value to increase in the long term, along with its parent companies.
Some words from Huber Management about the Porsche IPO
“We have recently been relaying this news to our European clients and are hoping to be involving the rest of our client base closely behind. This could be a great opportunity for investors to be able to purchase an internationally known brand at IPO prices.” Said George Hyota, a Financial Analyst for Huber Management in Seoul, South Korea
How to trade the Porsche IPO
You are able to trade Porsche AG shares now during their pre IPO. If you are interested in investments Contact Us
Back To News & InsightsTrusted & Reliable
At Huber Management, the statistics show that the quality and expertise of our services are second to none. With clients in over 15 countries we are a diverse and global brand that can take your investment portfolio to places you wouldnt believe.