Analysts cast doubt over £74bn Porsche valuation
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Analysts doubt Porsche’s £74bn valuation as sports car maker prepares to go public on German stock market
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Porsche is worth far less than the high valuations touted prior to its stock market listing, analysts warned.
The German sports car maker, which is owned by Volkswagen (VW) and counts British tennis star Emma Raducanu as a brand ambassador, plans to float in Frankfurt in the coming weeks.
A valuation of between £53 billion and £74 billion has been suggested in what would be one of Europe’s largest stock exchange listings.
Overvalued: Porsche, which counts British tennis star Emma Raducanu (pictured) as its ambassador, plans to float in Frankfurt in the coming weeks
But HSBC analysts said it’s actually worth between £39 billion and £49 billion.
VW plans to market a 12.5% stake in Porsche and says there is strong interest from investors willing to participate.
Major battalion institutions will lead the way in listing, but VW is also offering shares to retail investors.