Asian Tech Press (Dec 08) -- Volkswagen is considering a separate IPO for its luxury brand Porsche as the company seeks to raise funds for its transition to electric vehicles, two people familiar with the matter said, according to media reports.

Back in 2018, it was announced that Porsche would go public independently. But at the time, the company responded quickly and denied it.

Later, in February, it was reported that Volkswagen was considering taking Porsche public as a standalone company to raise the funds needed for its shift to smart and electric vehicles. VW declined to comment on the rumors.

Now, reports of a Porsche IPO have resurfaced. The sources said no decision has been made due to the complex stakeholder setup.

Porsche is expected to be valued at between 45 billion euros and 90 billion euros.