Porsche IPO confirmed in new Volkswagen Group statements

Volkswagen Group has signalled Porsche’s long-expected IPO, as it details plans to offer up to 25 per cent of non-voting preferred shares in Porsche AG, with a possible European IPO date of late September or early October.

According to Reuters, Porsche’s public listing could be valued between EUR€60 billion (AU$87 billion) and €80 billion (AU$127 billion), and could be one of the largest initial offerings of its kind.

Full details have yet to be published, and parent company Volkswagen Group reserves the right to reverse its decision if they decide there is not sufficient interest.

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2022 Porsche Macan S - Australian launch

The move follows other manufacturers' public listings such as Tesla (listed 2010), Ferrari (listed in 2015) and Polestar (listed July 2022).

The Qatar Investment Authority has previously voiced intentions to secure a 4.99 per cent stake, while Porsche and Piech families - descendents of founder Ferdinand Porsche - are expected to receive a large portion of the non-voting preferred shares, plus one of Porsche’s ordinary voting stock.

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Speaking to Automotive News Europe, Volkswagen Group’s CFO, Arno Antlitz, indicated that Porsche’s IPO would be central to fund the company’s electrification strategy, stating:

“This is a key element for the group, especially because the possible proceeds would give us more flexibility to further accelerate the transformation [towards electrification]”

Volkswagen has previously targeted carbon-neutrality by 2050, along with 70 per cent EV sales in Europe by 2030, and more than 50 per cent in North America and China.

Porsche is aiming for 80 per cent of its vehicle sales to be BEV by 2030.

We will update this story as more is revealed in the coming weeks.