Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Wellington Asset Management review details of expected Porsche IPO By: PRLog June 14, 2022 at 10:36 AM EDT German sports car manufacturer Porsche is in talks to debut on the stock market in 2022. Porsche AG is a German automotive company specialising in high-performance sport cars, as well as SUVs and sedans. It's controlled by parent company Volkswagen Group, which is the largest automaker in Europe.HAMBURG, Germany - June 14, 2022 - PRLog -- When is the Porsche IPO?The initial public offering (IPO) of Porsche AG could happen as early as the fourth quarter of 2022, although the timing will depend on market conditions. The Financial Times reported in February that Volkswagen, the current owner of Porsche AG, was forced to rush out a statement about the IPO plans in order to satisfy market disclosure rules.Who owns Porsche AG?Porsche AG is owned by Volkswagen Group. The two companies have worked together since the 1960s and Volkswagen acquired a 49.9% stake in Porsche AG in 2009 before buying the rest of the business a few years later.What do we know about the Porsche IPO?Volkswagen has said it plans to divide the stock of Porsche AG – half into ordinary shares and the other half in preference shares. Up to 25% of the preference shares will be listed as part of the IPO. While the ordinary shares will have voting rights, the preference shares will not. The ordinary shares will not be listed and will remain in the hands of Volkswagen. This is important as any interested investors must understand that Porsche AG will remain firmly under the control of both Volkswagen and Porsche SE.Porsche's valuation in 2022The automaker's valuation has been estimated at around €90bn ($102bn) by various analysts. Upon initial announcement of the IPO, shares in VW and Porsche SE jumped by 10.2% and 15.2%, suggesting that investors may expect Porsche's brand value to increase in the long term, along with its parent companies.Some words from Wellington Asset Management about the Porsche IPO"We have recently been relaying this news to our European clients and are hoping to be involving the rest of our client base closely behind. This could be a great opportunity for investors to be able to purchase an internationally known brand at IPO prices." Said George Hyota, a Financial Analyst for Wellington Asset Management in Seoul, South KoreaHow to trade the Porsche IPOYou are able to trade Porsche AG shares now during their pre IPO. If you are interested in investments use the following steps:1. Open a Wellington account, or log-in if you're already a customer.2. Speak to an advisor about your plans & requirements platform3. Choose your best options and begin investing in your future For more information please visit www.wmhventures.comContactThomas Wellington***@wmhventures.comPhotos: (Click photo to enlarge) Read Full Story - Wellington Asset Management review details of expected Porsche IPO | More news from this sourcePress release distribution by PRLog Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Wellington Asset Management review details of expected Porsche IPO By: PRLog June 14, 2022 at 10:36 AM EDT German sports car manufacturer Porsche is in talks to debut on the stock market in 2022. Porsche AG is a German automotive company specialising in high-performance sport cars, as well as SUVs and sedans. It's controlled by parent company Volkswagen Group, which is the largest automaker in Europe.HAMBURG, Germany - June 14, 2022 - PRLog -- When is the Porsche IPO?The initial public offering (IPO) of Porsche AG could happen as early as the fourth quarter of 2022, although the timing will depend on market conditions. The Financial Times reported in February that Volkswagen, the current owner of Porsche AG, was forced to rush out a statement about the IPO plans in order to satisfy market disclosure rules.Who owns Porsche AG?Porsche AG is owned by Volkswagen Group. The two companies have worked together since the 1960s and Volkswagen acquired a 49.9% stake in Porsche AG in 2009 before buying the rest of the business a few years later.What do we know about the Porsche IPO?Volkswagen has said it plans to divide the stock of Porsche AG – half into ordinary shares and the other half in preference shares. Up to 25% of the preference shares will be listed as part of the IPO. While the ordinary shares will have voting rights, the preference shares will not. The ordinary shares will not be listed and will remain in the hands of Volkswagen. This is important as any interested investors must understand that Porsche AG will remain firmly under the control of both Volkswagen and Porsche SE.Porsche's valuation in 2022The automaker's valuation has been estimated at around €90bn ($102bn) by various analysts. Upon initial announcement of the IPO, shares in VW and Porsche SE jumped by 10.2% and 15.2%, suggesting that investors may expect Porsche's brand value to increase in the long term, along with its parent companies.Some words from Wellington Asset Management about the Porsche IPO"We have recently been relaying this news to our European clients and are hoping to be involving the rest of our client base closely behind. This could be a great opportunity for investors to be able to purchase an internationally known brand at IPO prices." Said George Hyota, a Financial Analyst for Wellington Asset Management in Seoul, South KoreaHow to trade the Porsche IPOYou are able to trade Porsche AG shares now during their pre IPO. If you are interested in investments use the following steps:1. Open a Wellington account, or log-in if you're already a customer.2. Speak to an advisor about your plans & requirements platform3. Choose your best options and begin investing in your future For more information please visit www.wmhventures.comContactThomas Wellington***@wmhventures.comPhotos: (Click photo to enlarge) Read Full Story - Wellington Asset Management review details of expected Porsche IPO | More news from this sourcePress release distribution by PRLog