The Latest Porsche To IPO Has A Valuation Of Up To $85 Billion

Porsche IPO has a long history. In July of this year, the CFO of the Volkswagen Group announced that the Porsche IPO will take place soon, and is expected to be completed in the fourth quarter of this year.

According to market news, Porsche will conduct an IPO with a valuation of up to $85 billion, which is Porsche's initial public offering.

It is worth noting that it was previously reported that the market value of Porsche may exceed 100 billion US dollars, even more than the giant Volkswagen. This could be one of the largest IPOs in German history.

Some analysts pointed out that Porsche's listing is to promote its electric vehicle plan, so that its electric vehicles will account for 80% of total sales in 2030.

The head of Porsche production previously said that the annual output of the Porsche Macan fuel version is 80,000 units, and the company hopes that the pure electric version of the Macan will reach this level next year.

In the first half of this year, Porsche's global sales reached 145,860 units, down 5% year-on-year. In terms of sub-markets, Porsche has seen good growth in Germany and Europe, with 43,087 vehicles sold in Europe, a year-on-year increase of 7%.

In Asia Pacific, Africa and the Middle East, Porsche performed poorly, selling 62,245 vehicles, down 10 percent year-on-year. Among them, Porsche sold 40,681 vehicles in China, down 16% year-on-year. China remains Porsche's largest single market and the main market with the largest decline.