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Postponement of the Porsche IPO

The IPO market is at half mast at the start of 2022, for several reasons. The first being that the year 2021 has been quite exceptional. Fears of financial bubbles are great. The second reason is known to all: the war in Europe, with the invasion of Ukraine by Russia. An armed conflict whose outcome may take many more months. Until this conflict is resolved, no company would launch an IPO as substantial as that of Porsche.

Porsche AG

Porsche AG is a German manufacturer of sports and luxury cars. The company was founded by designer Ferdinand Porsche in 1931. The 21st century for Porsche began with the production of electric cars. Since 2012, the German brand Volkswagen has owned the Porsche brand. The Volkswagen Group (VW) is preparing to IPO Porsche AG to raise funds to finance its electric car projects. VW has already entered into a framework agreement with Porsche to move the company towards an IPO. The deal still needs to be approved by both boards.

Largest IPO in Europe

Porsche’s IPO could be one of the biggest in Europe. The approximate valuation of the company is between $51 billion and $102 billion. In addition, the Porsche and Piëch families plan to sell part of their stake with the aim of buying Porsche shares during the IPO.

Porsche’s finances before the IPO

Porsche posted record sales in 2020, despite the pandemic and country-imposed restrictions. The company sold more than 272,000 cars, down 3% from 2019. Of these, more than 20,000 were from Taycan electric cars, which began delivery in December 2019. The figure The company’s business for 2020 increased to 28.7 billion euros, from 28.5 billion euros a year earlier. Operating profit fell to 4.2 billion euros, from 4.4 billion euros. The Volkswagen Group’s net profit for the first nine months of 2021 increased 7.9 times to 10.8 billion euros compared to the same period in 2020. At the time of its IPO, Porsche could be worth up to to 100 billion euros.

Date of Porsche’s IPO

The IPO is scheduled for 2022. It is tentatively announced that the company could raise up to €15 billion through the IPO.

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