Porsche AG Shares Debut on Frankfurt Boerse

  • Investing.com
  • Stock Market News
Porsche AG Shares Debut on Frankfurt Boerse
Credit: © Reuters.

By Scott Kanowsky 

Investing.com -- Shares in Dr. Ing. h.c. F. Porsche AG Preferred (F: P911_p ) debuted on the Frankfurt Stock Exchange on Thursday, as owner Volkswagen (ETR: VOWG_p ) hopes to raise about €9.4 billion in one of the largest European initial public offerings on record.

VW priced 12.5% of preference shares in the famous car brand at €82.50 per share, hitting the top end of its previously estimated range and valuing the company at approximately €75 billion. These shares do not hold any voting rights.

The listing will also see the Porsche-Piëch families snap up 25% plus one share in ordinary shares in the Stuttgart-based group at a 7.5% premium.


Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or