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.

"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.

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.