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Porsche Family Seeks Redemption With IPO After Tearful Defeat

  • Clan set to get blocking minority with initial public offering
  • Porsche lost out to VW in 2009 in audacious takeover battle
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Volkswagen Looks to Raise up to $9.4 Billion in Porsche IPO

More than a decade after the billionaire Porsche clan waved goodbye to their crown jewel, the family is set to claw back more direct influence over the sports-car maker as parent Volkswagen AG pushes ahead with one of Europe’s biggest initial public offerings. 

The share sale, targeted to value Porsche at as much as 85 billion euros ($84 billion) -- roughly the same as its parent -- could deliver some 10.6 billion euros in proceeds to VW. The Porsche family, still led by some of the personalities who lost control of the iconic carmaker back in 2009 following a takeover attempt of VW that went wrong, will emerge with a blocking minority.