Porsche's value is obscured by governance issues
![Volkswagen spinning off the Porsche brand by going public. Logos of the German mass car manufacturer Volkswagen VW and a logo of Porsche.](https://assets.euromoneydigital.com/dims4/default/17fde5f/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Ff1%2Ff0%2F07c1ae4b4b00846997cde12d4a6b%2Fporsche-vw-alamy-575-375.jpg)
The company itself is a great asset but investors serious about ESG should avoid its IPO
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