The IPO of PORSCHE AG

In February 2022, Volkswagen announced that it wanted to list its subsidiary Porsche AG on the stock exchange, with the IPO taking place in September 2022. Porsche and Volkswagen have historical and family ties. The Porsche family's holding company, Porsche SE, is a shareholder in Volkswagen, which in turn owns 100% of Porsche AG. The IPO took place in a sluggish IPO market, in an automotive sector that is also in turmoil.

- Study the mechanism of an IPO, with specificities
- Examine the influence of context in financial decisions and in particular in an IPO
- Work on the mechanism of evaluation by comparables
- Analyse the advantages and disadvantages of such an operation
- Be critical, comparing the announced objectives with reality

IPO, shareholders, governance, family business, valuation, comparables, multiples, preferred shares

The case is intended for students at Master's level, as part of a finance course (financial strategy, corporate finance, financing operations, financial engineering).
This case requires a bachelor's degree in financial analysis and corporate finance.

Sale of cars and light motor vehicles

Answer key to be shown to students (PowerPoint).

Année de la problématique : 2022

Livraison : Livraison par lien de téléchargement

Nombre de pages : 20 avec 15 page(s) annexe(s)

Temps d'utilisation : 3h00 (From 3 hours to 4 hours.)

Code du secteur d'activité : 34 - Industrie automobile