Porsche SE and VW shares continue to rise after speculation about Porsche sports cars going public

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On Tuesday, the shares of the Volkswagen Group holding company Porsche SE in particular continued their price rally after new speculation about the valuation of Porsche AG arose on Friday. With an increase via XETRA by 4.57 percent at times to EUR 72.82, the SE stocks are now heading for the sixth consecutive day of profits on Tuesday – with an overall balance of profits of twelve percent.

This was followed by the VW preference shares, which are also included in the DAX, with an increase of 2.97 percent at times to 146.84 euros. Within six days, at around six percent, they won significantly less than Porsche SE. For the non-DAX member, the ordinary shares of Volkswagen, which are somewhat in the background, also rose a little more clearly on Tuesday by 3.64 percent at times to 192.00 euros.

News about the IPO of Porsche AG is eagerly awaited. Last Friday, the Bloomberg news agency reported, citing people familiar with the matter, that the VW sports car subsidiary was valued at between 60 and 85 billion euros by interested parties. Accordingly, the IPO is to be announced in the first week of September. Pre-orders have already been received for more than the number of shares offered.

In the past few days, investors have reacted with relief to the fact that investor interest could then obviously be lively. The day before, Philippe Houchois from Jefferies Research had emphasized in a study that the risk of low demand for Porsche AG shares was a subject of much discussion among investors. They are split between worry and confidence. Houchois reinforced his view that although Porsche SE has been less of a focus for investors recently, it should probably benefit the most from the spin-off.

Jefferies leaves VW on “Underperform” – price target 115 euros

Analyst firm Jefferies left the rating for the merits of Volkswagen (VW) at “Underperform” with a price target of 115 euros after meetings with investors. With a view to the upcoming IPO of the VW luxury brand Porsche AG, analyst Philippe Houchois wrote in a study available on Monday evening that the liquidity of the shares is divided between concern and confidence. The optimists are confident that liquidity should also be attractive if anchor shareholders hold significant shares in Porsche AG./la/nas

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FRANKFURT (dpa-AFX)

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