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Since 2012, the German brand Volkswagen<\/strong> has owned the Porsche<\/strong> brand. And the latter is preparing to take Porsche AG<\/strong> public in order to raise funds to finance its electric car projects, having already reached a framework agreement with Porsche for its IPO.<\/p>\n <\/p>\n But Porsche Automobil Holding SE<\/strong> warned Friday that the feasibility of a listing for luxury sports car maker Porsche AG, scheduled for the fourth quarter of this year, depended on many factors, including market conditions. “We are working on financing plans to be robust in different valuation scenarios for an IPO (initial public offering),<\/em>” commented Hans-Dieter Poetsch<\/strong>, president of Porsche SE. “The actual feasibility of the IPO depends on a lot of different influencing factors… the final decisions have not yet been made.<\/em>” he adds.<\/p>\n <\/p>\n Volkswagen and Porsche SE, its largest shareholder, have jointly worked out a preliminary agreement to list Porsche in February, hoping to unlock value from the luxury car brand in what could be one of the world’s biggest stock market debuts.\u00a0<\/strong><\/p>\n <\/p>\n Moreover, Volkswagen Chairman and CEO Herbert Diess<\/strong> said Thursday that he believes the time is right for an IPO of the famous automaker.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0AUDI AND PORSCHE MAKE A COMEBACK IN FORMULA 1<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Porsche[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Since 2012, the German brand Volkswagen<\/strong> has owned the Porsche<\/strong> brand. And the latter is preparing to take Porsche AG<\/strong> public in order to raise funds to finance its electric car projects, having already reached a framework agreement with Porsche for its IPO.<\/p>\n <\/p>\n “As Four Seasons continues to grow and diversify its development pipeline in the Middle East, we are proud to be part of the development of The Pearl-Qatar, an innovative project that will perfectly complement our existing hotel in the city,<\/em>” said Bart Carnahan<\/strong>, president, Global Business Development and Portfolio Management at Four Seasons Hotels and Resorts. “Four Seasons at The Pearl-Qatar offers a unique opportunity to be part of a community of residents and guests enjoying incredible on-site amenities and the unparalleled luxury service for which our company is known worldwide.<\/em>”<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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Hans-Dieter Poetsch, chairman of Porsche SE, explained that the carmaker’s IPO will depend on market conditions.<\/h4>\n