Back on the stock market, Porsche wants to bury its family stories

The most successful operations are also sometimes entitled to their share of history. On Thursday, on the sidelines of Porsche’s comeback on the financial markets – undoubtedly one of the most important European IPOs of the 21st century – another comeback is being played out, more confidential but no less symbolic: Porsche SE, the holding family, returns to the capital of the mythical manufacturer.

Almost 114 of the 911 million shares issued, i.e. 12.5% ​​of the capital and 25% plus one vote of the voting rights… For ten billion euros, the Porsche heirs arrogate both a blocking minority and a substantial part of the jewel of Volkswagen, which should be valued between 70 and 75 billion at the end of the quotation. They also find a part of their DNA, ten years after being ejected from the capital by Ferdinand Piëch, the… grandson of Ferdinand Porsche, founder of the brand.