Volkswagen: sets price range for Porsche shares
(CercleFinance.com) - Volkswagen's Management Board and the Supervisory Board have determined the price range and the structure of the offer for Porsche's IPO.
Volkswagen announced on 5 September 2022 that the Board of Management, with the approval of the Supervisory Board, had decided to launch an IPO of Porsche's preference shares.
Volkswagen's Management Board, with the approval of the Supervisory Board, has set a price range of 76.50 to 82.50 euros per preference share. In all, up to 113,875,000 preference shares from Volkswagen's holdings are expected to be placed with investors during the IPO.
Porsche shares are expected to start trading on 29 September 2022.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Volkswagen announced on 5 September 2022 that the Board of Management, with the approval of the Supervisory Board, had decided to launch an IPO of Porsche's preference shares.
Volkswagen's Management Board, with the approval of the Supervisory Board, has set a price range of 76.50 to 82.50 euros per preference share. In all, up to 113,875,000 preference shares from Volkswagen's holdings are expected to be placed with investors during the IPO.
Porsche shares are expected to start trading on 29 September 2022.
Copyright (c) 2022 CercleFinance.com. All rights reserved.