Everything is going as planned.
As of now, the sports car manufacturer Porsche will go public in the coming week.
Anything else would be a surprise.
With a volume of up to EUR 9.4 billion, it will be the largest IPO since Deutsche Telekom first went public in 1996.
If the world situation does not deteriorate significantly in the coming days, everyone involved will actively help to make this IPO a success.
Supported by influential investors such as Quatar or the Norwegian sovereign wealth fund, there is no investor in sight who would want to disrupt the party on the floor - not to mention the well-earning banks.
The fact that Volkswagen and Porsche cut a bad figure with the intertwining and the dual function of Oliver Blume as VW and Porsche boss in terms of corporate management appears to many as nothing more than a side note.
What counts is the proceeds from the issue, and they are substantial.
Porsche's example should not set a precedent, because companies maneuvering themselves into a dead end with this strategy in the long term.
New generations of investors are emerging as decision-makers.
The sustainability criteria for E (environment), S (social) and G (governance) are more important to them than just letting them degenerate into lip service.
The activist shareholders around the climate are just a small foretaste of this.