Frankfurt, Dusseldorf The climate on the stock market is currently rough. However, this does not matter to the IPO of the sports car manufacturer Porsche planned for September 29th. An investment banker in New York speaks of “phenomenal” demand. He even sees an allocation problem given that the order book is oversubscribed across the entire price range.
Usually, many professional investors such as hedge funds or long-term oriented asset managers subscribe to the shares at IPOs. In the case of Porsche, however, many small investors are also trying to get the paper that is traded under the ISIN number DE000PAG9113 and the abbreviation P911.
But what kind of stock do investors actually get? Depending on whether the market classifies Porsche as a sports car manufacturer, a car manufacturer in the premium segment or as a pure luxury stock, this has an impact on the valuation and stock performance, as a comparison by the Handelsblatt shows.
>> Read about this: Investors should pay attention to this before buying Porsche shares
Top jobs of the day
Find the best jobs now and
be notified by email.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue