Official announcement from Porsche AG
Until now, there have been rumors that various internal exchanges have been made, such as "VW seems to make Porsche IPO", "Don't let it heal", "Let's go public in Porsche", "No, it's no good".
Recently, there has been a story that even the Piehi clan has finally started to move, so everyone thought that this story (Porsche IPO) was actually moving quite under the surface of the water. it might be.
Past movements:
◆ (December 2021) Rumors that the Piech clan will sell VW shares for Porsche IPO
◆ (October 2021) Volkswagen Group CEO seems to have stopped planning to list Porsche for the time being
◆ (March 2021) Volkswagen CEO opposes Porsche IPO
◆ (February 2021) News that Porsche may be listed
This time, Porsche AG finally announced as an official news release on February 24, 2021.
"Volkswagen AG has decided to begin considering the possibility of listing Porsche AG on the stock exchange. Porsche AG's Board of Directors welcomes this decision."
Was announced.
It is said that future decisions regarding the Porsche IPO will be left to the executive body of Volkswagen AG only, and Porsche AG cannot provide further details at this time.
… And, although it is short, this is the official announcement from Porsche AG.
And after that, the content of the report from Reuters:
Analysts estimate that an IPO by Porsche AG could be valued at up to € 90 billion ($ 102 billion). → The current market value of VW is about 116 billion euros!
VW may issue the same number of Porsche AG common stock and preferred stock ..., one "two people familiar with this insider" said. Fufufu, who (laughs)?
According to further "sources" (laughs), VW may list Porsche AG's 25% if it is IPOed. It seems that this has not been agreed yet.
VW's share is 10.2%, and Porsche SE's share is 15.2%.
For the time being, VW and Porsche SE refused to comment on the details yet, but said that "the final decision has not been made yet", "any decision must be approved by management and the board of corporate auditors." It was said that.
VW CEO Herbert Diess is said to have provided an overview of the IPO's basic plans to auditors' board representatives last weekend, and initially this Tuesday, according to sources. The board of corporate auditors scheduled for the meeting was canceled because there were too many unresolved issues.
Somehow the confusion is still going on, but since Porsche AG officially announced that "VW has made a basic agreement with the largest shareholder to IPO Porsche", the details will be decided and the timing will be decided. I think it's a problem = In other words, I do an IPO.
What will happen ^^
Source:
◆(Official) Volkswagen AG examines stock exchange listing of Porsche AG
◆Volkswagen and top investor steer towards Porsche IPO
Past movements:
◆ (December 2021) Rumors that the Piech clan will sell VW shares for Porsche IPO
◆ (October 2021) Volkswagen Group CEO seems to have stopped planning to list Porsche for the time being
◆ (March 2021) Volkswagen CEO opposes Porsche IPO
◆ (February 2021) News that Porsche may be listed