In an attempt to help fund its future in electric vehicles (EVs), Volkswagen Group is reportedly considering an initial public offering (IPO) of Porsche.
Citing confidential sources at VW, Manager Magazin reported the deal could raise as much as $25 billion euros. The sources added that VW would maintain a majority stake in Porsche.
VW held a 49.9% stake in the automaker until 2012, when it acquired the final 50.1% for $5.4 billion.
No official decision has been made yet, but if it gets the green light the deal wouldn’t happen until next year.
Porsche would join the likes of Nikola Motors, Lordstown Motors, Fisker, Faraday Future, Lucid Motors and XPeng Motors that have either gone public or announced plans to go public over the last year.
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