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Porsche IPO in the Works

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the staff of the Ridgewood blog

Ridgewood NJ, soon you will  be able to own stock the legendary German sports car company . Volkswagen Group, which owns brands like Volkswagen, Audi, Lamborghini, Bentley, and Porsche, is planning to take Porsche public in a listing that could value the brand anywhere between $60Billion to $85Billion.

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So why take Porsche public now? Volkswagen plans to spend $88Billion+ over the next five years on EV development, with the ambitious goal of having EVs represent a quarter of sales by the end of 2026.

The Porsche listing could raise $10B+ in capital and Porsche could use the funds to amp up its electrification efforts. Last year, Porsche’s Taycan EV actually surpassed its landmark 911 model in sales.

Fun fact: Tesla’s market cap is almost 10x as large as the Volkswagen Group’s, despite selling around a tenth of the cars in 2021.

One thought on “Porsche IPO in the Works

  1. Bloated, Soulless and soon to be Electric with No Manual Transmissions.

    All character has been excised from Porsche decades ago.

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