Automobile

Porsche Not Ready To Go Public Yet


This year has been busy for Porsche so far. In addition to the potential public offering, along with Audi, the automaker is working its way into Formula 1. The expectation is that the company partners with Red Bull, whose engine supplier exited the sport after last year. The automaker is also hard at work testing its electric vehicle tech. Just today, Porsche announced the 718 Cayman GT4 ePerformance, the car it’s using to test technologies from the Mission R race car for use in customer motorsport vehicles.

Porsche did not share further details on a potential IPO, but the move could occur as early as the fourth quarter of this year if all goes smoothly. Though Porsche could be heading for IPO, the ownership structure of its parent company is just as interesting. Volkswagen owns Porsche, but VW itself is owned by several entities, including Porsche, private investors, and foreign institutional investors. Volkswagen said it would pay out 49% of its earnings from an IPO to shareholders and invest the rest in its business operations.


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