AutoData Editora – Volkswagen prepares Porsche IPO for this year

AutoData Editora – Volkswagen prepares Porsche IPO for this year


São Paulo – Volkswagen AG is preparing for the fourth quarter of 2022 IPO of its sports car maker Porsche. According to information from Bloomberg, the announcement is expected to be one of Germany’s largest initial public offerings, valued at up to €90 billion.

According to the company’s chief financial officer, Arno Antlitz, the decision is based on the fact that Porsche has proven to be strong in the face of market disruptions over the years, including the current crisis in the supply of components and semiconductors. During the Future Finance Summit, held in Frankfurt on Wednesday, the 22nd, he said that Porsche is very strong and that “there is still capital out there and there is a lot of skepticism about investing capital in technology companies, in new ventures”. .

The announcement of the IPO comes at a time when the global economy is at a standstill because, despite the slowdown of the epidemic, the feelings of war in Ukraine are felt in the market volatility, inflation and rising interest rates. slowed down.

At the same time, Volkswagen continues to invest in the development and production of electric vehicles and battery cells. The company, according to Bloomberg, remains open to an IPO of its battery division after financing it internally. Antlitz said the plan was designed to enable a possible listing in 2023 or 2024.