Porsche Execs Ready To Take The Company Public

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A final decision looks imminent.

Earlier this week, the Volkswagen Group confirmed that discussions were at an advanced stage for considering an IPO for Porsche. Such a move would generate the funds needed for the VW Group to not only expand its electric vehicle lineup, but also develop associated technologies and infrastructure. It has been estimated that the Porsche IPO could be valued at anywhere between $50 billion and $100 billion. Now, Porsche itself has welcomed the possibility following an encouraging statement from Oliver Blume, chairman of the Executive Board of Porsche AG.

2021-2022 Porsche Taycan Cross Turismo Driving Front Angle Porsche 2021-2022 Porsche Taycan Cross Turismo Side View Driving Porsche 2021-2022 Porsche Taycan Cross Turismo Driving Back View Porsche
2021-2022 Porsche Taycan Cross Turismo Driving Front Angle
2021-2022 Porsche Taycan Cross Turismo Side View Driving
2021-2022 Porsche Taycan Cross Turismo Driving Back View

"We welcome this decision of Volkswagen AG," said Blume. "Porsche is a strong brand with a robust business model and a worldwide fan community. We also pursue ambitious sustainability goals. For example, Porsche plans to achieve a neutral CO2 balance in 2030. Porsche and Volkswagen can continue to benefit from joint synergies in the future."

That was as much as Porsche AG had to say about the potential IPO since the stock exchange listing decision rests solely with Volkswagen AG's executive bodies. VW Group CEO Herbert Diess previously set a goal for the company to be worth 200 billion euros, something that the Porsche IPO could help it achieve.

2021-2022 Porsche Taycan Cross Turismo Dashboard Porsche 2021-2022 Porsche Taycan Cross Turismo Wheel Porsche 2021-2022 Porsche Taycan Cross Turismo Door Sill Scuff Plate Porsche
2021-2022 Porsche Taycan Cross Turismo Dashboard
2021-2022 Porsche Taycan Cross Turismo Wheel
2021-2022 Porsche Taycan Cross Turismo Door Sill Scuff Plate

Volkswagen is already a major player in the EV sphere. A year ago, analysts predicted that the brand would overtake Tesla by 2025 to become the largest producer of EVs on the planet. The capable Volkswagen ID.4 is already here, the ID.5 recently went into production, and the charming ID.Buzz bus will be revealed next month.

As for Porsche, it has already seen great success with the Taycan but electric Macan and 718 lineups are on the way. Following automotive IPOs from Rivian, Lucid, and Ferrari, the Porsche IPO could surpass them all in value and provide a huge cash injection for Volkswagen. We expect a final decision to be communicated imminently.

2021-2022 Volkswagen ID.4 Front Angle View CarBuzz 2021-2022 Volkswagen ID.4 Side View CarBuzz 2021-2022 Volkswagen ID.4 Aft View CarBuzz
2021-2022 Volkswagen ID.4 Front Angle View
2021-2022 Volkswagen ID.4 Side View
2021-2022 Volkswagen ID.4 Aft View

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2021-2022 Porsche Taycan Cross Turismo Driving Front Angle 2021-2022 Porsche Taycan Cross Turismo Side View Driving 2021-2022 Porsche Taycan Cross Turismo Driving Back View 2021-2022 Porsche Taycan Cross Turismo Dashboard 2021-2022 Porsche Taycan Cross Turismo Wheel
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