FRANKFURT -- Croatian electric hypercar maker Rimac is exploring several options for its future, a spokesperson for the group said in response to a report outlining plans for an initial public offering next year.
The company's reply came after Germany's Manager Magazin reported Rimac, in which Porsche owns a 24 percent stake, was planning an IPO in 2022 at a valuation of 5 billion euros ($6.1 billion), without disclosing where it obtained the information.
"As for going public, we're considering different options, but it hasn't been decided which direction we will go in," the Rimac spokesperson said.
Rimac has developed an electric supercar platform that it supplies to other automakers, including Automobili Pininfarina.
It is currently working on a strategic partnership with Bugatti, which will likely result in a joint venture between Porsche and Rimac, with Porsche as a minority partner, Volkswagen Group CEO Herbert Diess said in March.
Porsche and Bugatti are VW Group subsidiaries.
"The future of Bugatti is an issue that will be decided on a group level," Porsche said in a statement, declining to comment further.
Porsche CEO Oliver Blume earlier this year said intense discussions on Bugatti's future were ongoing and that Rimac could play a role as the brands were a good technological fit, adding that a decision was expected in the first half of 2021.
