Porsche wants to be ready for IPO as early as possible, exec tells Il Sole 24 Ore

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“We welcome a strong interest in our company and we are confident despite challenging market conditions”, Porsche finance chief Lutz Meschke told Italian daily Il Sole 24 Ore.

“We want to be ready for the IPO at the end of September, early October,” Meschke added. “The earlier the better.”

Porsche published a so-called intention to float on Monday for a share sale to be launched in late September or early October and completed by year end, but added the listing and timing were “subject to further capital market developments”.

In total, shares amounting to about 12.5% of Porsche’s total capital will be listed. Investors estimate Porsche’s total value could be up to 85 billion euros.