In one of the biggest European public offerings in recent memory, Porsche’s shares are scheduled to start trading on September 29. The offering could raise up to $9.4 billion and value the sports car manufacturer at as much as $78 billion.
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The Porsche AG’s owner?
Volkswagen Group owns Porsche AG. The two businesses have collaborated since the 1960s, and in 2009, Volkswagen purchased a 49.9% interest in Porsche AG before subsequently purchasing the remainder of the company.
It’s crucial to comprehend the Volkswagen Group’s own shareholding structure, though. Porsche Automobil Holding SE (Porsche SE), which holds more than a 31% share in the company but more than half of the voting rights, controls Volkswagen. Porsche SE is a listed company as well. The ownership stake and voting rights in Volkswagen are broken down as follows:
Porsche SE’s ordinary shares, in turn, are all held by family members of the Porsche and Piech families; however, the company also have preference shares, which are roughly split 50/50 between German-based private investors and overseas institutional investors. Ferdinand Porsche, who created Porsche in April 1931 but didn’t introduce his first branded car until much later, in 1948, is the ancestor of both the Porsche and Piech families.
This ultimately means that Volkswagen, which now owns the Porsche brand, is controlled by the Porsche family.
Company
The corporate headquarters of Porsche Automobil Holding SE (“Porsche SE”), a European Company (Societas Europaea), are located at Porscheplatz 1 in Stuttgart, Germany, in 70435
Porsche SE is a holding company that makes investments in the industrial and transportation technology sectors. In instance, it owns the vast majority of the common shares in Volkswagen AG, one of the top automakers worldwide. Volkswagen AG, the parent company of the Volkswagen Group, has direct and indirect holdings in numerous companies in Germany and abroad, including AUDI AG, SEAT S.A., SKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG (“Porsche AG”), TRATON SE (“TRATON”), Volkswagen Financial Services AG, and Volkswagen Bank GmbH. In addition to its ownership in Volkswagen, the Porsche SE Group also owns non-controlling stakes in seven technological firms with US, Israeli, and German headquarters. It also has a share in the PTV Group, which was completely consolidated until December 31, 2021.
Porsche SE’s investment strategy is to generate long-term value for its stockholders. This is based on both dividend payments and the growth in the value of the assets under management. Porsche SE’s investments can be divided into two groups. The long-term core investment in Volkswagen AG is included in the first category. Portfolio investments that Porsche SE typically holds for a brief amount of time make up the second group. Such investments typically stand out for their strong potential for growth and rising value over the course of the holding period. Both investment categories have a transportation and industrial technology industry focus.
SE Porsche
This article discusses Volkswagen Group’s controlling shareholder and automotive holding company. See Porsche AG for information on the car brand and manufacturer. See Porsche for further usage information (disambiguation).
Porsche
This page is about Porsche AG, a brand and producer of automobiles. See Porsche SE to learn more about the holding company that owns the bulk of the Volkswagen Group. See Porsche for further usage information (disambiguation).
However, industry observers are concerned that it is not the right time to go public with such a well-known European brand because of growing inflation, weak markets, and the European conflict.
Volkswagen has said that it will proceed with the initial public offering of Porsche, one of its most recognizable automobile brands worldwide. The 91-year-old automotive luxury brand is anticipated to have one of the biggest IPOs of any European firm this century, but there may be significant obstacles in the way of its initial public offering. What you need to know is as follows:
- What is going on? Porsche has announced its IPO. Volkswagen AG, the dominant player in the German automobile industry, has formally declared its “intention to float” Porsche.
- Was the Porsche IPO a surprise? Although it’s not shocking, it is a little unexpected. Volkswagen stated in February that it will investigate the viability of going public with Porsche. The business stated on Monday that it will proceed with an IPO.
- So what about it surprises you? The world has altered significantly since Volkswagen first declared in February that it would consider whether to go public with Porsche. The current war in Europe has caused energy prices to soar. In turn, this has simply fueled an inflationary escalation. Some market observers didn’t anticipate Volkswagen to move forward with what might be one of Europe’s largest IPOs at this time because these kinds of events typically cause markets to decline.
- What day will Porsche go public? Volkswagen has not yet provided a precise date. But the business anticipates it happening in the next few weeks. Porsche’s IPO, according to Volkswagen, will take place in late September or early October.
- What will the stock ticker for Porsche be? At this time, that is uncertain.
- Where will Porsche conduct business? No U.S. stock exchanges will list it. Porsche shares will be traded on the German Frankfurt Stock Exchange.
- How much is a Porsche worth? pretty a lot. According to Reuters, the Porsche IPO will value the company at between $60 million and $80 million, potentially making it one of the biggest European initial public offerings (IPOs) since the 1990s.
- Will there be a Porsche IPO? The announcement from Volkswagen seems to support this, although it is qualified by the statement that the Porsche IPO is “subject to additional capital market developments.” Why does that matter? In other words, if the economy worsens significantly more between now and the IPO date, Volkswagen may opt to delay or cancel the offering.
Porsche is either public or private.
Currently, it is anticipated that Porsche AG will go public in Frankfurt before the end of 2022. The offering may occur as early as late September or early October, with the listing expected to be completed by the end of the year at the latest, according to Volkswagen, the company that now owns Porsche AG. Volkswagen originally disclosed it was considering the listing back in February.
Who is the owner of Porsche?
Porsche Automobil Holding SE is the sole largest shareholder of the Wolfsburg-based corporation, holding 53.3 percent of the company’s ordinary shares and 31.9 percent of its subscribed capital. Porsche SE sees itself as Volkswagen AG’s long-term anchor investment.
Ten companies, including Volkswagen, Volkswagen Commercial Vehicles, SKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche, and Ducati, are part of the Volkswagen Group, which is made up of five different European nations. The Volkswagen Group also provides a wide range of financial services, such as fleet management, leasing, banking, and insurance activities for both customers and dealers.
Who owns stock in Porsche?
Porsche SE, a holding company for the families’ interest in Porsche Zwischenholding GmbH (50.1%) (which in turn held 100% of the old Porsche AG), was established in June 2007 by renaming the previous Dr. Ing. h.c. F. Porsche AG. It is currently the largest shareholder in Volkswagen AG (31.3%) and holds the majority voting rights (53.1%). The new Dr. Ing. h.c. F. Porsche AG (Porsche AG) was also established at this time for the automobile manufacturing industry.
Porsche SE and Volkswagen AG came to an agreement in August 2009 that their respective automobile production units will combine in 2011 to establish a “Integrated Automotive Group.” The management of Volkswagen AG consented to Porsche SE controlling 50.7% of Volkswagen AG in exchange for Volkswagen AG management assuming leadership roles in Porsche SE (so that Volkswagen management would continue to be in control) and Volkswagen AG gaining ownership of Porsche AG.
Porsche SE’s primary investment as of 2019 is a 31.3% share in Volkswagen AG, which owns entities like Volkswagen, Audi, SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche AG, Ducati, VW Commercial Vehicles, Scania, MAN, and Volkswagen Financial Services.
The Porsche car line is really produced and manufactured by Dr. Ing. h.c. F. Porsche AG, a wholly owned subsidiary of Volkswagen AG (Doktor Ingenieur honoris causa Ferdinand Porsche Aktiengesellschaft).
Along with Wolfgang Porsche, Hans Michel Piech, Ferdinand Oliver Porsche, and Hans-Peter Porsche, Josef Michael Ahorner, Stefan Piech, and Peter Daniell Porsche serve on the board of directors of Porsche Automobil Holding.
Who is Porsche’s greatest shareholder?
The valuation of 70–75 billion euros, which was revealed on Sunday, is significantly higher than that of other German automakers like BMW, which is valued at 49 billion euros, and Mercedes-Benz, which is valued at 61 billion. However, it is slightly lower than some investors’ estimates of up to 85 billion euros.
Additionally, it is not far from Volkswagen’s own market value of 88 billion euros. In premarket trading, the automaker’s shares increased by 3%. They were only little higher at 145.6 euros by 09:14 GMT, up from 145.46 at Friday’s closing, but they managed to defy a decline in European shares.
Porsche AG’s Chief Financial Officer Lutz Meschke stated in early September that although the IPO might still be canceled before trading begins on September 29, this would only occur in the event of additional “serious geopolitical difficulties.”
Volkswagen’s shares rose 3% in premarket trade, but by 0838 GMT, they had only increased by 0.4% from Friday’s close. Analysts have predicted that Volkswagen’s own valuation might increase as a result of the listing by showing the value of just one of its luxury brands.
On Sunday evening, Volkswagen said that it will price Porsche AG’s preferred shares at a range of 76.50 to 82.50 euros per share.
The automaker intends to issue preferred shares, which do not have voting rights, to investors for up to 12.5% of Porsche’s share capital.
Cornerstone investors have already claimed about 40% of the available share capital: According to a statement released on Sunday, Norway’s sovereign wealth fund and T. Rowe Price will each buy shares worth 750 million euros, while Qatar Investment Authority, Volkswagen’s third-largest stakeholder, has committed to purchasing 4.99%.
“Investors are lining up, so it looks like the Porsche IPO will be successful. One may envision listing other components [of Volkswagen] like Audi on the public exchange if the Porsche IPO is successful “Data analytics specialist Arndt Ellinghorst of QuantCo remarked.
Porsche AG stock has been contrasted by analysts to Ferrari, which has a 38 billion euro market valuation but an operating margin of 24% as opposed to Porsche’s 17–18%. The German automaker is far ahead in electric vehicles and aims for a 20% margin.
However, given that Porsche AG’s Chief Executive Oliver Blume oversees both the sports car manufacturer and the Volkswagen Group, with Porsche SE holding a sizeable part, some investors have expressed caution due to the complicated governance difficulties at the company.
Shares will be made available to private investors in Germany, Austria, Switzerland, France, Italy, and Spain from September 20 to September 28 during the subscription period for both individual and institutional investors.
In accordance with the deal Volkswagen and Porsche SE reached earlier in September, Porsche SE will receive 25% plus one ordinary share in the sports car manufacturer, which does have voting rights, for the price of the preferred shares plus a 7.5% premium.
Is Porsche still owned by the Porsches?
Ferdinand Piech thought of VW-Porsche as the Porsche and Piech “family farm” till he passed away. Since 2009, the two families have owned the majority of the enormous Volkswagen Group, which includes 12 brands ranging from VW, Audi, and Bentley to Bugatti and Porsche.
Does Volkswagen own Porsche?
In 2011, Volkswagen acquired Porsche. Porsche was once considered a division of Volkswagen AG (interestingly, besides being the Porsche parent company, VW also owns Audi, Bugatti, and Lamborghini). In light of this, Volkswagen AG is the entity that owns Porsche.
The value of the Porsche Corporation
An interactive graph displays Porsche Automobil Holding SE’s (POAHY) historical net worth (market cap) over the previous ten years. A company’s market capitalization, or the current stock price multiplied by the number of outstanding shares, often represents how much it is worth. Porsche Automobil Holding SE has a $20.43B market value as of September 19, 2022.
Porsche Automobil Holding SE is a car manufacturer, specializing in all-terrain and sports cars. The Boxster, the Cayman, the 911, and the Panamera are among its lineup of sports cars. Additionally, it creates, designs, produces, and distributes automobile engines and other parts and accessories linked to automobiles. The business also provides clients and dealers with financial services like finance, banking, leasing, and insurance. Stuttgart, Germany serves as the world headquarters of Porsche Automobil Holding SE.