Porsche IPO's stabilizing period is over

12 Oct 2022 , 08:01 AM

The stabilization period for the initial public offering of Porsche AG has ended. In stabilizing period, the underwriters buy shares post listing in order to stabilize the post listing price of the shares. Gross proceeds from the sale of preferred shares in the IPO amounted to around 9.1 billion euros ($8.82 billion).

Stabilization manager BofA Securities Europe SA has also asked Volkswagen to partially exercise the greenshoe option in the amount of 11,059,061 non-voting preferred shares of Porsche.

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