volkswagen vow3 on tuesday said it will go ahead with an initial public offering of its porsche sportscar division pressing ahead despite a difficult market backdrop the german automaker which had said it was considering the move since february said it’s planning to list porsche at the end of september or the beginning of october on the frankfurt stock exchange valuations for porsche range from €60 billion 58 billion to €80 billion potentially making the porsche ipo the largest ever for the german market investors will be able to buy preferred shares in porsche that do not carry voting rights porsche automobil holding pah3 the family’s holding company which holds a majority of volkswagen will acquire 25 plus one share of porsche at the placement price of the ordinary shares plus a premium of 75 over the preference price “clearly it is not ideal timing for an ipo and it is a questionable structure in our view especially from a corporate governance perspective however due to the quality of the porsche asset the apparent interest of investors like qatar bernard arnault dietrich mateschitz and presumably a lot of interest from retail investors we assume the ipo will happen” said analysts at stifel qatar has already agreed to buy a 5 stake vw said vw said it will return up to 49 of the gross proceeds of the ipo in a special dividend to be paid early next year volkswagen shares rose 25 in early action though the stock is down 17 on the year