Volkswagen’s top management will meet later on Monday to determine whether to proceed with the Porsche listing. The four-week timeframe for purchasers to show interest might be shortened or extended by the automaker.
If investors place a value on Porsche AG at the top end of current estimations, which range from 60 to 85 billion euros. Volkswagen CFO and COO Arno Antlitz repeated the automaker’s claim that a listing was critical to supporting its 52-billion-euro electrification shift.
With European markets on a downward spiral, several investors have questioned the timing of a stock market launch. Aston Martin’s stock fell 11% after the company announced a $662.9 million rights offering.