Porsche’s IPO plan to boost its electric vehicle (EV) development with the help of a multi-million-pound funding boost and additional “entrepreneurial freedom” could yet be scuppered, it has been claimed.
Volkswagen Group could raise over €60bn (£52.3bn) to fund the performance carmaker’s zero-emissions future in what would be one of Europe’s biggest ever IPOs while shareholders and former owners the Porsche and Piech families see the move as a way of gaining greater control as they would buy 12.5% of Porsche under the deal.
But Birmingham Business School professor and Senior Fellow at the UK in a Changing Europe, David Bailey, believes the move is still subject to uncertainty.
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