Porsche will create the largest IPO in European history, with a valuation of up to $ 85 billion

[Global Times special reporter in Germany Zhaodong] Porsche, a luxury car brand of Volkswagen Group, plans to conduct the first public offering (IPO) in Europe this year. Essence

Porsche Tu Source Vision China

The German "Business Daily" quoted people familiar with the matter on the 26th that Porsche had received 60 billion to 85 billion euros issuance shares. If there is no unexpected market impact, Porsche plans to be announced in Frankfurt in the first week of September after the approval of the board of supervisors. Industry experts have previously estimated that Porsche's valuation is 80 billion to 100 billion euros under normal circumstances. Given the current market environment, the assessment of the automotive industry is generally deviated. The Frankfurt Report believes that the Sovereign Fund of the Qatar Sovereign Fund Fund is regarded as a potential investor. At the same time, Porsche has been evaluating the investment interests of some billionaires, including the founder of Red Bull, Matshitz and Lvmh President Aluo, the luxury group.

The German "Securities Daily" said on the 27th that the distance between Volkswagen and American electric vehicle manufacturer Tesla is getting farther and farther. Tesla's current market value is 11 times that of Volkswagen. The German "Focus" Weekly previously believes that Porsche's first public offering will benefit Volkswagen Group and bring new development funds. A internal document states that some income should flow into German factories and accelerate the transformation of electric vehicles, which is beneficial to Germany.

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