At a time when the stock market volatility reduced the number of IPOs, a long-awaited public sale would also demonstrate the degree of appetite for a quota-granting stake in a prestigious brand but that is too low to influence the decisions of the board.
Porsche will enter the market
The volkswagen directories and its largest shareholder Porsche SE could make the recommendation in the coming days, which would then go to the companies’ supervisory boards for approval, the sources said.
That would trigger an announcement of the Initial Public Offering (IPO) or intention to sell sharesas early as the first week of September, the people said, marking the beginning of a roughly four-week window for buyers prepare to invest.
Final decisions have not yet been made, three of the people said, as uncertainty related to the Ukraine war and an escalating energy crisis could lead management to decide to wait.
Volkswagen and Porsche SE
They announced initial talks on a listing on February 22 and gave more details on February 24, the day Moscow invaded Ukraine, marking the biggest attack on a European state since World War II.
Even if management gives its approval to canvass investors, the group could halt the operation if attempts to secure demand fail, one of the people said.
Source: Ambito
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