Porsche IPO targeting to raise Euro 9.4 billion

20 Sep 2022 , 12:07 PM

The sale is moving forward at a time of significant market turbulence, and the German automaker is seeking a valuation of 70 billion to 75 billion euros for the IPO, below its earlier top-end objective of as much as 85 billion euros. The preferred shares that are offered in the IPO will be priced in the range of Euro 76.50- 86.50 per share.

On September 20, the offer period will begin, and trading is expected to begin on September 29.

Porsche will offer 25% of its voting-rights-free shares for subscription to investors. Porsche-Piech family, the original owners of Porsche,  will also purchase shares in the IPO in order to get controlling stake again.

For feedback and suggestions, write to us at [e-mail]