Porsche SE says viability of sports car maker IPO depends on market conditions

Porsche SE says viability of sports car maker IPO depends on market conditions

“We are working on financing plans in order to be robust in different valuation scenarios for an IPO (initial public offering),” Porsche SE chairman Hans-Dieter Poetsch said.

Porsche Automobil Holding SE cautioned on Friday that the practicality of a posting of luxury sportscar producer Porsche AG, planned the final quarter of this current year, relied upon various elements including economic conditions. Volkswagen and Porsche SE, which is its top shareholder, drew up a preliminary consent to list Porsche in February, wanting to open worth from the luxury car brand in what could be one of the world’s biggest stock market debuts. Volkswagen’s Chief Executive Herbert Diess said on Thursday he thought the timing for an IPO was great.

“The actual feasibility of the IPO depends on a large number of different influencing factors… final decisions have not yet been made.”

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