--- title: Porsche plans to go public - The Hustle description: The company needs capital to go electric. image: https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/227670446-HS-News-Brief_2022-09-06T224354.533Z.webp --- # Porsche plans to go public ![Jacob Cohen](https://thehustle.co/wp-content/uploads/2021/01/IMG_5670-1-modified-768x768.png?width=48&height=48&name=IMG_5670-1-modified-768x768.png) [Jacob Cohen](https://hs-sbup.thehustle.co/author/jacob-cohen) [Jacob Cohen Twitter profile ](https://twitter.com/ImJacobCohen) Published: September 07, 2022 Updated: October 11, 2023 Soon you’ll be able to own stock in the car driven by the jerk who just whizzed past you going 30 mph over the speed limit. ![Porsche plans to go public](https://hs-sbup.thehustle.co/hs-fs/hubfs/The%20Hustle%20News/Assets/Images/227670446-HS-News-Brief_2022-09-06T224354.533Z.webp?width=595&height=400&name=227670446-HS-News-Brief_2022-09-06T224354.533Z.webp) Volkswagen Group, which owns brands like Volkswagen, Audi, Lamborghini, Bentley, and Porsche, is planning to take Porsche public in a listing that could [value](https://www.reuters.com/business/autos-transportation/porsche-ipo-plans-progressing-no-decision-yet-vw-cfo-2022-09-05/) the brand between ~$60B and $85B. #### **Why take Porsche public?** - Volkswagen [plans](https://www.cnn.com/2022/09/06/investing/porsche-ipo-volkswagen/index.html) to spend $88B+ over the next five years on EV development, with the ambitious goal of having EVs represent a quarter of sales by the end of 2026. - The listing could raise $10B+, capital Porsche could use to amp up its electrification efforts. Last year, Porsche’s Taycan EV actually [surpassed](https://www.motortrend.com/news/porsche-taycan-911-global-sales-2021/#:~:text=In%20what%20might%20seem%20like,company%20targets%20for%20the%20EV.) its landmark 911 model in sales. **Fun fact:** Tesla’s market cap is almost 10x as large as the Volkswagen Group’s, despite selling around a tenth of the cars in 2021. 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