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IPO valuation Porsche ag - the influence of corporate governance on IPO underpricing in the Iberian region
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This work project evaluates the firm value of Porsche AG upon its IPO on September 29, 2022.
The valuation is based on three different approaches, namely intrinsic value, comparable
company analysis and comparable transaction analysis. The result of the valuation indicates
that Porsche AG’s IPO was subject to a discount. This potentially results from difficulties in
the current market environment and the company’s convoluted corporate governance structure
due to cross-holdings, share listing, and shared responsibilities of executives. Hence, the
individual part assesses the relation between firm specific corporate governance characteristics
and IPO underpricing in the Iberian region.
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IPO valuation Porsche Underpricing Corporate governance