Lamborghini revealed a long-term secret IPO strategy to enter the stock market whenever it wants.
Porsche demonstrated that luxury carmakers can do very well on the stock market, but apparently, it wasn’t the only Volkswagen subsidiary to have a hidden IPO strategy. Lamborghini recently revealed its own plans to put some of its capital on the public market.
The story was revealed by Lamborghini Chief Executive Officer Stephan Winkelmann. He specified that the Italian luxury carmaker prepared its own IPO plan long before VW asked for its sub-brands to prepare themselves for the stock market.
“We’ve been working on this with other agencies in order to create clarity,” Winkelmann said. “As a brand, we’ve done so for a long time, to show what worth, what value we have. Up until a little while ago, it wasn’t so well known.”
It seems that Porsche’s successful IPO is providing other brands with the badly-needed encouragement to take the daring step of becoming publicly traded companies. VW CEO Oliver Blume said that the stock market opens new opportunities for carmakers to prosper and unlock their full potential. Other brands like Audi and Bentley may take similar steps soon.
If we go back a few weeks, we should remember that Audi, which is in charge of VW luxury brands, denied any plans to put Lamborghini on the public market. That statement can be interpreted as the company’s attempt to protect Lamborghini’s value before it’s actually ready to make its move.
However, Lamborghini’s recent financial performance should make everyone confident about the upcoming IPO. The carmaker had remarkable recent gains that included a 31.9% operating margin in the first half of this year, this was fueled by an 8% rise in deliveries, putting the total profits at €570 million, 69% more than those from the same period of last year.
Michael Dean, an analyst at Bloomberg Intelligence predicts that a Lamborghini IPO will happen sometime in the next 18 months, depending on the market condition. And the company will have a €15 billion valuation, if not more.
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