Volkswagen said to consider launching Porsche IPO in September

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• Volkswagen (OTCPK:VWAGY) is said to be considering launching an initial public offering for its Porsche (OTCPK:POAHY) sports car business as soon as September.
• The German car maker is aiming to list Porsche in October at the earliest, according to a Bloomberg report. Porsche has been having early meetings with fund managers in recent weeks.
• The update comes after the WSJ reported in February that Volkswagen (OTCPK:VWAGY) and its largest investor are said in advanced discussions that may lead to an IPO of Porsche (OTCPK:POAHY).
• Volkswagen is adding a number of additional underwriters as it pushes forward for the planned Porsche IPO, according to Bloomberg.
• The latest report comes after Reuters said in December that Volkswagen could set Porsche (OTCPK:POAHY) free in an IPO. Sources at the time indicated that the German automaker is still exploring a Porsche IPO in order to raise funds for the electrification push by the German automaker. Estimates on the valuation for Porsche AG range to as high as $101 billion.

Comments

[PN88]

I think there are different opinions out there. Is there any fact how the porsche IPO will most benefit, poahy, vwagy or other?

[Westfool]

@PN88

It comes down to ownership/control.... Porsche could've had a much better car given its prior F deal. Word is Volts were some European cucks.... Time will tell.... I guess.... but the Porsche cars go vroom and the BLM terrorist hate that. PEOPLES CAR!

[ChuckXX]

I like it but as usual way overpriced if it goes for $101 Billion valuation. Like usual they price it like they did Affirm, Snowflake, and almost all the recent IPO'. In other words a fleecing of the investor. Hard to make money for the retail investor when it gets priced up in the stratosphere.

[Udith Fonseka]

its difficult to get a handle on the whole group/VW value as the finance part is so big but look at the value that the market gives RACE, its nearly Tesla ratios---so Porsche could be worth a fortune

[Valuestocks007]

Porsche market cap would be more than VW? What am I missing.. $75 billion VW.. Porsche $101 billion?

[William Frey]

@Valuestocks007 POAHY also has investments in other companies in addition to VW. Also, it can be confusing between VWAPY and VWAGY, there are some articles here on SA that do a good job explaining the parts and valuation.

[Valuestocks007]

@William Frey got it thank you! i just read the article .. i never invest in autos.. but saw the headline and didn't understand it.

[DUP]

@Valuestocks007 Porsche and Piech family control 51% of VW group, Porsche Holdings still a family affair...VW is still gonna have ownership of Porsche to a certain %, they need money to continue expanding bigger and bigger, even Bugatti is spun a portion out of VW, to go EV, nothing like a 2000HP Bugatti soonly. VW owns Porsche Cars, Porsche Holdings controls VW, talk about fancy financing....

[William Frey]

POAHY is not the Porsche brand that VW will "set free."

[Westfool]

@William Frey
Why do you say that? I actually think it would be a benefit. I think VW so-called "safety" approach has hurt Porsche. Besides well.... your turn.

[PN88]

@William Frey - you're correct. it is kinda confusing. POAHY is just a holding company that own large stake in VW as well. Not sure exactly which would get shares from the IPO. Any idea?

[William Frey]

@PN88 www.porsche-se.com/... Not sure the final details have been released.