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Analysts cast doubt over £74bn Porsche valuation

Overrated: Porsche, which has British tennis star Emma Raducanu (pictured) as its ambassador, plans to float in Frankfurt in the coming weeks

Analysts cast doubt on Porsche’s £74billion valuation as the sports car maker prepares to float in the German stock market

Porsche is worth far less than the lofty valuations reported before its IPO, analysts have warned.

The German sports car maker, which is owned by Volkswagen (VW) and has British tennis star Emma Raducanu as its brand ambassador, plans to float in Frankfurt in the coming weeks.

A valuation of between £53bn and £74bn has been suggested in what is believed to be one of Europe’s biggest stock market listings.

Overrated: Porsche, which has British tennis star Emma Raducanu (pictured) as its ambassador, plans to float in Frankfurt in the coming weeks

Overrated: Porsche, which has British tennis star Emma Raducanu (pictured) as its ambassador, plans to float in Frankfurt in the coming weeks

But HSBC analysts said he was actually worth between £39bn and £49bn.

VW plans to list a 12.5% ​​stake in Porsche and says there has been huge interest from investors wanting to participate.

The battalion’s big institutions will be at the forefront of the listing, but VW also offers shares to retail investors.

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