Two dates show how unaffected by world politics Volkswagen is driving the Porsche IPO: On February 24, Russia invaded the entire Ukraine, but VW confirmed plans to list the sports car manufacturer for the first time.

Gazprom announced last Saturday that it would not resume gas supplies.

Regardless, VW started the countdown.

On Monday evening, the committees decided: Porsche, a sports car icon and source of income, should go public again.

That's hard to understand.

The timing is catastrophic, the economy is headed for a recession, investors are keeping their money together.

But the IPO is not designed to raise as much money as possible: otherwise VW would not be offering investors preferred shares, but common shares that enable them to have a say.

Porsche's supervisory board would be made up of independent experts and not a small family reunion of the Porsche/Piëch clan.

Nor would they have thumbed their nose at the stock market world and made Oliver Blume head of both companies: in addition to Porsche, he now also heads VW.

Now he is both subject and object, even if he claims to only represent Porsche in the IPO.

A new CEO who has to leave the door like a naughty schoolchild in the most important decision of the year?

Wolfsburg blossoms.

The super rich are not getting any less

VW is just VW and works according to its own rules.

After that, the IPO makes sense: the works council got a bonus for the employees, which will benefit the prime minister before the state elections, who also has the prospect of a special dividend.

VW's major shareholder Qatar puts its billions in raw materials into a new luxury toy.

The Porsche/Piëch families secure a blocking minority and make Porsche partly a family business again.

The more successful the IPO, the more expensive the share for the families and Qatar.

And the manufacturer?

The self-confidence with which people in Stuttgart say: If anyone can make it despite global politics, it's us.

Porsche sets records and earns billions.

The super rich are not getting any less.

And in the future, Wolfsburg will no longer bother us so much.