Ukraine Could Affect Porsche IPO Plan, Top VW Shareholder Says

Ukraine Could Affect Porsche IPO Plan, Top VW Shareholder Says
A logo is seen outside of a Porsche car dealer in Brussels on May 28, 2020. Yves Herman/Reuters
|Updated:

BERLIN—Top Volkswagen shareholder Porsche SE supports plans to list luxury sportscar maker Porsche AG but the conflict in Ukraine could affect the timing of the proposed IPO, the holding company said on Tuesday.

Volkswagen aims to conduct the Porsche initial public offering (IPO) in the fourth quarter of 2022, though that may change if the conflict in Ukraine drags on, Porsche SE’s finance chief said.