Porsche wishes to be ready for a planned stock market listing as early as possible, an executive at the luxury sportscar unit of Volkswagen reportedly was quoted as saying at the weekend, as investors showed huge interest in the initial public offering (IPO).

“We welcome a strong interest in our company and we are confident despite challenging market conditions,” Porsche finance chief Lutz Meschke told Italian daily Il Sole 24 Ore, according to Reuters.

“We want to be ready for the IPO at the end of September, early October,” Meschke reportedly added. “The earlier the better.”

According to the news agency, Porsche had just published a so called intention to float for a share sale to be launched late in September or in early October, and completed by the end of 2022, but added the listing and timing were “subject to further capital market developments”.

Shares worth about 12.5% of Porsche’s total capital would be listed, Reuters reported.

Investors reportedly have estimated the automaker’s total value could be up to EUR85 billion.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.