Volkswagen AG plans to go public with Porsche AG, in an effort to list its most profitable assets to boost parent company valuation and fund the push for electric cars.
According to Arabia Net, under the scheme called Phoenix, the automaker and Porsche Automobil Holding SE, the main investment vehicle of the billionaire family Porsche and Beach Piech, sketches a framework that navigates a complex Volkswagen chassis.
Investors could be offered about 25% of the non-voting stock in the popular sports car maker while the family buys a minority stake in the frozen stock, according to As reported by Bloomberg Agency sources.
The initial value of the Porsche brand is estimated at about $95 billion, partly reflecting the turbulent acquisition of Porsche more than a decade ago, according to Bloomberg Intelligence estimates.
The sources expected the IPO to be completed in the second half of this year, and it may include special dividends for the Porsche and Pache families, which own 53% of the voting rights in Volkswagen. .
The royal family in the German state of Saxony and Qatar together controls about 90% of the voting rights.
While outside investors will only own the non-voting shares, the Porsche and Beach family will retain far-reaching influence through 25% of the common stock with all voting rights Plus one share, according to Bloomberg sources.
Europe's largest automaker has been pushing for years to adopt a less centralized corporate structure to become smarter and to step up the challenge it faces with Tesla, as it successfully launched Electric cars of the Porsche Taycan brand in March last year.
