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.”

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

---

For Latest News Follow us on Google News

---

Latest Headlines

• Show all
• Trending News
• Popular By week

Kohl’s cuts profit forecast, becomes latest retailer to warn of pain from inflation

May 20, 2022

Demand at Kohl’s department stores, which dedicate most of the shelf space to products such as apparel, “considerably weakened” in April as consumers started ...

For a unique refereeing milestone, FIFA and the Maurice Revello Tournament have teamed up

May 20, 2022

The initiative is part of FIFA’s Road to Australia/New Zealand project, to prepare referees for the next FIFA Women’s World Cup. Most recently, another ...

US labor market in spotlight as weekly jobless claims hit 4-month high

May 20, 2022

The Federal Reserve’s aggressive monetary policy stance as it fights inflation has sparked a stock market sell-off and boosted U.S. Treasury yields and the ...

For current-gen consoles, Super Impossible Road has a release date

May 20, 2022

If you’re not up to cosmic speed, the game is all about racing balls in space on vertigo-inducing tracks. The trailer below will provide more context on just ...

TerraUSD Spent Some Cryptocurrency Reserves Today

May 19, 2022

Nomura is apparently planning to merge multiple digital asset services into a single company by the end of 2023, with a headcount of 100. According to The ...

Buy Abbott India: Aim of Rs 22,780

May 19, 2022

Outlook Q4Fy22 was strong quarter a for Abbott with the incomes and PAT staging a 14.6% and 38.7% yoy development and the outcomes were in front of ...

Ukraine setbacks provoke rare criticism of Russia’s conflict effort by Russian bloggers

May 19, 2022

A prominent former officer who regularly appears on state television also weighed in with a gloomy view of Russia’s military prospects in Ukraine. The ...

Consolidated ITC Q4 PAT increases 12% to Rs 4,196 cr, announces Rs 6.5 dividend

May 19, 2022

On Wednesday, the company’s scrip on BSE closed trading 0.68% higher at Rs 266.50. FMCG major ITC Limited (ITC) on Wednesday reported 12% ascent in merged ...

RBA considered three options for size of interest rate hike

May 19, 2022

The board agreed that hiking by 15 basis points, as forecast by most economists, didn’t make sense given policy was very stimulatory and it was highly ...

European stocks rise on defensives, but week continues to fall

May 20, 2022

Travel and tourism stocks, financial services , healthcare and utilities led gains in Europe, rising between 1.5% and 2.0%, lifting the pan-European STOXX ...

Show next