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Porsche, a 75 billion euro brand?

Lhe indicative price of the offer will be between 76.50 and 82.50 euros per share, indicated in a press release Volkswagen, the world’s second largest manufacturer, which had given the green light at the beginning of September to the introduction on the Frankfurt Stock Exchange ( Germany) of the manufacturer of the mythical 911. Made at the top of the range (estimated between 70 and 75 billion euros), it would be one of the most important quotations in Europe in recent years.

An operation worth 9.4 billion euros

By giving up a fraction of its control over the car manufacturer, Volkswagen aims to obtain the billions needed to finance its investments in the electric, connected and autonomous car. The group thus indicates in its press release that it is counting on an operation bringing in up to 9.4 billion euros. Porsche’s capital was divided into 50% preference shares, offering a reinforced dividend, but without voting rights, and 50% ordinary shares with voting rights. Volkswagen plans to place 25% of the preferred shares, representing 12.5% ​​of the company’s capital, on the stock exchange.

Turbulent context

The German manufacturer had unveiled its plan to launch Porsche on the stock market last winter, on February 24 exactly, the first day of the invasion by the Russian army of Ukraine. The economic shocks that followed had cast doubt on the timetable, but the IPO was finally confirmed by the manufacturer despite the turbulent context on the financial markets.

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