Porsche to launch IPO in September, targets $85 billion valuation

RahulNagaraj · 29th August 2022, 18:06

According to media reports, Porsche is said to be preparing to launch its IPO in September, with a target valuation of around $60 - 85 billion.

Porsche to launch IPO in September, targets billion valuation-porschetaycan.jpg

Porsche is said to announce its plans for the Initial Public Offering (IPO) following the sign-off by the supervisory board sometime in the first week of September. Reports state that the company has already received more pre-orders for shares than available.

Marquee companies like T Rowe Price Group and Qatar Investment Authority are said to have expressed interest. Other interested investors also include Red Bull founder Dietrich Mateschitz and Bernard Arnault, the boss of LVMH, the group for brands like Louis Vuitton, Dior and Fendi.

However, under the terms of the IPO, Volkswagen will be the biggest shareholder in Porsche. Also, while investors would be able to purchase shares, they won't carry voting rights.

Source: CarScoops

Link to Team-BHP news

ohaak · 29th August 2022, 18:26

Does this make sense? Investors in a niche market without any voting power. Will be it similar to holding art pieces?

SmartCat · 29th August 2022, 18:53

Impressive numbers by Porsche:

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Quote:

Originally Posted by ohaak

Does this make sense? Investors in a niche market without any voting power. Will be it similar to holding art pieces?

This is done to prevent any hostile takeover in the future. Investors will still bite because most of them just want to buy stock at $10 and sell at $20, and not bother about how a company is run.

Back home, Tata Motors too has listed shares without voting rights (called Tata Motors DVR)
https://www.moneycontrol.com/india/s...dvr/TATAM57000

DVR = Differential Voting Rights. Investors in Tata Motors DVR get no voting rights but get higher dividends.

Tucker48 · 30th August 2022, 19:12

Quote:

Originally Posted by RahulNagaraj

However, under the terms of the IPO, Volkswagen will be the biggest shareholder in Porsche. Also, while investors would be able to purchase shares, they won't carry voting rights.

Porsche SE is the biggest shareholder of VW. They own more than 30% of VW and more than 50% of voting rights.

Is the IPO for Porsche brand or the company Porsche SE? Is it another example of creating money (or value according to some) out of thin air?

29th August 2022, 18:06	#1
RahulNagaraj Senior - BHPian Join Date: Mar 2021 Location: Bangalore Posts: 2,140 Thanked: 20,799 Times	Porsche to launch IPO in September, targets $85 billion valuation According to media reports, Porsche is said to be preparing to launch its IPO in September, with a target valuation of around $60 - 85 billion. Porsche is said to announce its plans for the Initial Public Offering (IPO) following the sign-off by the supervisory board sometime in the first week of September. Reports state that the company has already received more pre-orders for shares than available. Marquee companies like T Rowe Price Group and Qatar Investment Authority are said to have expressed interest. Other interested investors also include Red Bull founder Dietrich Mateschitz and Bernard Arnault, the boss of LVMH, the group for brands like Louis Vuitton, Dior and Fendi. However, under the terms of the IPO, Volkswagen will be the biggest shareholder in Porsche. Also, while investors would be able to purchase shares, they won't carry voting rights. Source: CarScoops Link to Team-BHP news Last edited by RahulNagaraj : 29th August 2022 at 18:08.
	(5) Thanks

29th August 2022, 18:26	#2
ohaak BHPian Join Date: Dec 2019 Location: Pune Posts: 209 Thanked: 436 Times	Re: Porsche to launch IPO in September, targets $85 billion valuation Does this make sense? Investors in a niche market without any voting power. Will be it similar to holding art pieces?
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