Porsche''s Upcoming IPO May Be A Pivotal Moment For European Markets
European markets are primed for the hotly anticipated Porsche initial public offering following news that Volkswagen is targeting a €75bn valuation upon its debut. Landing on the Frankfurt stock exchange on the 29th September, the stock’s flotation is set to be a major test for a continent that’s struggled in the wake of record-breaking inflation and the outbreak of war between Russia and Ukraine. With the likes of Goldman Sachs, Bank of America, JP Morgan and other leading financial institutions backing Porsche, the company’s debut is certain to be closely scrutinized throughout Europe for indications of new investor confidence. Despite widespread market volatility, Porsche’s push to go public coincides with its parent company, Volkswagen Group’s mounting ambitions to expand into the electric vehicle space. Following on from the successful launch of its ID.4 EV and Porsche Taycan models, an IPO is likely to be an excellent opportunity to secure funding to grow the production of more EVs. ( Image: Statista ) With Porsche’s revenue almost tripling in the space of 10 years - in spite of the pandemic conditions of 2020 and 2021 - the prospect of a listing for a company earning in excess of EUR 30 billion is likely to be tantalizing for many investors. “Porsche’s IPO could be one of the most interesting offerings ever,” said Maxim Manturov, head of investment advice at Freedom Finance Europe. “Unofficial information suggests that Porsche has already attracted the attention of investors and received pre-orders at valuations ranging from €60bn to €85bn.
Porsche''s Upcoming IPO May Be A Pivotal Moment For European Markets
European markets are primed for the hotly anticipated Porsche initial public offering following news that Volkswagen is targeting a €75bn valuation upon its debut. Landing on the Frankfurt stock exchange on the 29th September, the stock’s flotation is set to be a major test for a continent that’s struggled in the wake of record-breaking inflation and the outbreak of war between Russia and Ukraine. With the likes of Goldman Sachs, Bank of America, JP Morgan and other leading financial institutions backing Porsche, the company’s debut is certain to be closely scrutinized throughout Europe for indications of new investor confidence. Despite widespread market volatility, Porsche’s push to go public coincides with its parent company, Volkswagen Group’s mounting ambitions to expand into the electric vehicle space. Following on from the successful launch of its ID.4 EV and Porsche Taycan models, an IPO is likely to be an excellent opportunity to secure funding to grow the production of more EVs. ( Image: Statista ) With Porsche’s revenue almost tripling in the space of 10 years - in spite of the pandemic conditions of 2020 and 2021 - the prospect of a listing for a company earning in excess of EUR 30 billion is likely to be tantalizing for many investors. “Porsche’s IPO could be one of the most interesting offerings ever,” said Maxim Manturov, head of investment advice at Freedom Finance Europe. “Unofficial information suggests that Porsche has already attracted the attention of investors and received pre-orders at valuations ranging from €60bn to €85bn.