sets price range for Porsche shares


stock exchange Volkswagen AG

(CercleFinance.com) – The Management Board and the Supervisory Board determine the price range and the structure of the offer for the IPO of Porsche.

Volkswagen had announced on September 5, 2022 that the Management Board, with the approval of the Supervisory Board, had decided to launch an IPO of Porsche’s preferred shares.

Volkswagen’s Management Board, with the approval of the Supervisory Board, has set a price range between E76.50 to E82.50 per preferred share. A total of up to 113,875,000 preferred shares from Volkswagen’s holdings are expected to be placed with investors during the IPO.

Porsche shares are expected to begin trading on September 29, 2022.

Depending on the final number of preferred shares placed and the final determination of the offering price, the gross proceeds (including potential over-allotments) range from €8.71 billion to €9.39 billion.

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