Porsche lands on the Frankfurt Stock Exchange


The legendary German brand will go public on September 29. The bid for one share will be between €76.50 and €82.50. The group is targeting a valuation of between 70 and 75 billion euros, or about 12.5% ​​of its capital.

Billions needed

This operation should allow the group to invest in electric, autonomous and connected cars. By letting go of part of its control over Porsche, the second largest automotive group in the world is counting on a nice capital gain, since the operation would represent a gain of some 9.4 billion euros!

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