VW wants to sell Porsche: the approximate price is named

VW wants to sell Porsche: the approximate price is named

FineAuto

Volkswagen is seriously considering the IPO as an opportunity to sell more Porsche shares and raise additional funds for the company. The money will go towards the electrification of the lineup.

This was reported by RBC-Ukraine Auto with reference to Reuters.

The company has been talking about Porsche’s IPO for several months now. The public offering of shares on the exchange will help raise more than $ 101 billion. However, the final decision to enter the stock exchange has not yet been made due to the complex relationship between the owners of the company – the Porsche and Piyeh families. Families own 31.4% of Volkswagen shares but hold 53.3% of voting rights through the Porsche SE car holding.

A couple of powerful families are also considering selling part of their stake in Volkswagen in order to acquire a stake in a possible Porsche IPO. However, no official statements have yet been made in this regard.

While the German automaker and its owners doubt the efficiency and success of entering the stock market, investors are demonstrating loyalty to the stocks of car companies. For example, electric car maker Rivian recently made a loud debut on Wall Street. The stock started at $ 78 and rose to $ 172 in a matter of hours, but soon dropped to $ 116.

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