Car enthusiasts know that Porsche is a force to be reckoned with, but the anticipated IPO of the brand is further proof.
Now that Volkswagen Group has clearly announced an IPO for Porsche, the anticipation for investors has continued to build, with trading set to begin for shares of the incredibly iconic sports and luxury car brand on September 29, 2022. The target that the Volkswagen Group has set for the IPO is a staggering number, which is as much as $9.4 billion. With the way things are shaping up ahead of the IPO, Porsche’s IPO will be quite the large event in the stock market, and the incredible amount of money that Volkswagen and Porsche are hoping to raise from the IPO is set to fund new developments for the brand and group as a whole.
Looking toward the future, the money raised from the IPO is going to be put towards the R&D required to come up with new electric mobility technologies, something that Porsche and Volkswagen have both already shown great interest in pursuing, and have already made great strides in moving forward. Cars like the Porsche Taycan and upcoming electric Porsche Macan model show an existing prowess and experience in the field, so whatever is going to come next with money coming from the future IPO and further investment is going to be even bigger, better, and hopefully for us car enthusiasts, faster.
Source: Volkswagen Group