VW is considering an IPO for Porsche
Numerous reports suggest that an IPO for Porsche could happen next year
Remember when last year we told you that VW was considering the future of Lamborghini and Ducati? Now, several reports from Bloomberg and Automotive News suggest that VW is considering an IPO for Porsche.
Volkswagen is doing this to fund the development of electric technology as well as increase the valuation of Porsche.
According to sources close to VW, it is said that the German brand is looking to raise 20-25 billion euros. VW has declined to say anything regarding this, but Bloomberg report that the IPO could happen as soon as next year. These are tense times if you are a Porsche fan.