Porsche's leadership set-up and the limited influence for stock market investors after its IPO are prompting some fund managers -- particularly those focused on governance issues -- to think twice about whether to invest in the listing.
Volkswagen Group said on Sunday that it is targeting a valuation of up to 75 billion euros ($75.1 billion) for Porsche. Trading will begin on the Frankfurt Stock Exchange on Sept. 29.
While Porsche scores well with investors on environmental issues, aiming for more than 80 percent of newly sold cars to be fully-electric by 2030 from 13.6 percent in 2020, some are concerned over its governance.
The main issue is the fact Oliver Blume, who became VW Group CEO this month, will also stay on as CEO of Porsche, raising potential conflicts of interest.