While the timing of a sale remains in flux, the IPO could happen in the second half of this year, they said, speaking on condition of anonymity.
Volkswagen AG is preparing an initial public offering of Porsche, seeking a listing of its most profitable asset to help boost the parent’s valuation and fund the push into electric vehicles.
Under a draft plan named “Phoenix,” about 25% of non-voting preferred shares could be sold to external investors, according to two people familiar with the plans. The Porsche and Piech families would retain a blocking minority stake of 25% plus one share, the people said.
