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 stock market debut of the sports car manufacturer Porsche is expected to save the meager record of IPOs – also known as initial public offerings (IPO) – in Germany. Without the issue, there would have been no newcomers on the list in the third quarter.
With an issue volume of around 9.4 billion euros, the IPO is by far the largest IPO in the world in the third quarter of 2022 and the third largest in the year to date. In Europe, the Porsche debut is the largest transaction of this type in eleven years: the Glencore IPO in 2011 had a higher issue volume. The newcomer is also considered a hot candidate for promotion to the Dax.
>> Read also: You should consider this before buying Porsche shares
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