The Porsche IPO has not officially been announced yet, as it still requires a supervisory board sign-off. An announcement will likely be made in Frankfurt, Germany in early September. Earlier reports claimed the IPO was postponed due to the conflict in Ukraine and potential doubts from Volkswagen Group investors. However, based on the latest information, those issues have been put to rest, and Porsche will move forward with its public plans.
Sources familiar with the deal (who asked to remain anonymous) told Bloomberg that Porsche has received more pre-orders for shares than what is available and that the German manufacturer is hoping for a valuation between 60 billion and 85 billion euros ($60-$85 billion USD).
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