With an issue price of EUR 82.50 per share, Porsche would be a candidate for the Dax. From the current perspective, the online fashion retailer Zalando would have to give way for this.
(Photo: dpa)
Frankfurt The largest IPO in Germany for more than 25 years is wrapped up. The Volkswagen Group placed 113.9 million preferred shares in its sports car subsidiary Porsche at a price of EUR 82.50 each with new shareholders, as it announced on Wednesday evening. Porsche AG thus has a market value of 75 billion euros.
With the IPO, Volkswagen collects almost 9.4 billion euros. The preferred shares are at the upper end of the previously announced range of EUR 76.50 to EUR 82.50. This makes the IPO of Porsche AG the largest initial public offering (IPO) in Germany since Telekom in 1996.
>> Read also: You should consider this before buying Porsche shares
The debut of the sports car manufacturer Porsche also saves the poor record of IPOs in this country. Without the issue, there would have been no newcomers on the list in the third quarter.
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