The Volkswagen Group may consider bringing Porsche to the stock exchange, reports the German business magazine Manager Magazin based on information from insiders. This step should release money for the transition to electric mobility and Volkswagen wants to increase its stock market value.
Volkswagen and Porsche have not yet commented on the claims of the sources, which opposed both the aforementioned business magazine and Bloomberg claim that Volkswagen is considering taking part of Porsche to the stock exchange. This would concern an interest of up to 25 percent, with which in theory € 20 billion to € 25 billion can be raised. They would reportedly want to take this step next year, nothing will happen this year. First, the decision still has to be made.
The step wouldn’t be entirely illogical. Given that Volkswagen will invest a total of € 150 billion in EVs and software until 2025, the additional proceeds from the possible share issue are more than welcome. An IPO of Porsche not only provides extra money, but can also have a positive effect on the market value of the Volkswagen Group. Increasing that stock market value seems to have become a more prominent goal of car manufacturers, partly because Tesla’s value has skyrocketed recently. Daimler is also doing everything it can to become more attractive to investors.
In any case, the rumor has a positive impact for Volkswagen, because the stock price rose by 5.7 percent. To be continued…