Porsche Is Going Public At €82.50 A Share, Valuing Company At €75 Billion | Carscoops carscoops
Porsche is going public this week and shares will each be available for €82.50 , priced at the top of the company’s targeted price range.will see the Volkswagen Group sell 12.5 per cent of the company’s non-voting shares in a move that will raise approximately €9.4 billion and value the automaker at €75.2 billion . This will make it Germany’s second-largest listing ever.
The IPO is going ahead despite the current volatile state of the stock market and widespread economic concerns. “This [IPO] is a key element for the group, especially because the possible proceeds would give us more flexibility to further accelerate the transformation,”Speaking with the media last week, the head of VW’s works council, Daniela Cavallo, noted that the carmaker could sell more Porsche shares in the future in order to raise additional funds.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
VW readies Porsche IPO in one of Europe's largest listingsFRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history.
Les mer »
Porsche Shares Trade Almost 2% Above IPO Price in DebutShares have been supported by investors who missed out in one of Europe’s biggest initial public offerings.
Les mer »
GDP update, Porsche IPO and more: Thursday's 5 things to knowStock traders will be watching today's release of the third and final update on 2Q GDP, which may show evidence of a recession.
Les mer »
Porsche shares start trading following IPOPorsche shares are now trading on the Frankfurt Stock Exchange.
Les mer »
DAZN hits pause on IPO plans, acquires Eleven Sports and Team WhistleThe sports streaming company is focusing on growing its global footprint, particularly in Europe.
Les mer »