STORY: On Monday evening, the VW supervisory board gave the green light for the plans for a partial IPO of Porsche AG. Accordingly, up to 25 percent of the preferred shares are to be placed on the stock exchange at the end of September/beginning of October. In view of the turbulence on the capital market, they want to take their time until the end of the year if necessary. With the hoped-for proceeds from the placement of preferred shares, Volkswagen intends to finance its transformation into a leading provider of electric cars, digitization and connected services. This news was received positively on the stock exchange. VW titles rose by almost three percent. Arthur Brunner from the ICF Bank: “VW is in the middle of a transformation process with regard to e-mobility. And of course that involves a lot of capital requirements. And here, of course, you trust in the robustness of the Porsche brand, which is also very profitable, to collect capital here. And the new management is showing a relatively high level of courage to go through with this IPO even in this weak phase on the stock exchange.” Volkswagen CFO Arno Antlitz expects Porsche’s IPO to be successful. He assumes that the market is still very interested at the moment, he said at a conference call with journalists. Antlitz did not want to comment on the possible evaluation of the sports car subsidiary of the Wolfsburg car group. This depends on the quality of the company and the market conditions at the time of the IPO.