Porsche’s IPO could be completed by the end of the year

According to the parent company Volkswagen, Porsche’s IPO could be completed by the end of this year.

Depending on the results of the tests that have now started, the listing of some of the preferred shares on the high-yield brand may already be possible in the fourth quarter of 2022, said VW CFO Arno Antlitz on Friday.

An interim conclusion should be drawn in late summer. The management of the Wolfsburg carmaker had previously cleared the way for the subsidiary to partially enter the trading floor.

It’s about Porsche AG, in which the operative business of the Stuttgart sports and off-road vehicle manufacturer is bundled. The company is a key profit generator of the Volkswagen Group.

According to the current planning status, half of Porsche’s share capital is to be split into ordinary and preference shares. Up to a quarter of the preferred securities could then be traded publicly – based on the total amount of all shares, that would be a maximum of 12.5 percent.

The umbrella company Porsche SE (PSE) would get a stake of 25 percent plus one share of the voting tribes. The holding company is the center of power in the Wolfsburg-Stuttgart network.

It holds a good 53 percent of the voting rights in the VW Group and is controlled by the Porsche and Piëch families. VW itself should remain the main shareholder of Porsche in the discussed construction.