What investors should now know about the Porsche IPO

Stuttgart, Dusseldorf The largest IPO in Europe for more than ten years starts on Tuesday: Then investors can place their orders for shares in Porsche AG. The stock exchange prospectus required for this was published on Monday evening.

With the IPO, the sports car manufacturer is to receive greater entrepreneurial independence in the implementation of its strategy. The domination agreement currently in place with Volkswagen AG and the profit and loss transfer agreement are to be terminated at the end of 2022.

The shares will be offered in a price range of EUR 76.50 to EUR 82.50. This puts the expected valuation of Porsche AG at 70 to 75 billion euros. Half of the 911 million shares will be non-voting.

Only a quarter of these non-voting shares and thus 12.5 percent of the share capital will be sold at the IPO. The initial listing – i.e. the opening price on the day of the IPO – is scheduled for September 29 in the prospectus.

Will the IPO be a success?