Porsche shares are expected to be quoted at the top of the advertised range, potentially valuing the sports car brand at up to 75 billion euros on one of the biggest ever listings in Europe.
Orders below the upper end of the range risk being left out as indicated demand exceeded total deal size, bookrunners said. [profissionais de investimento]with one describing demand as “incredibly robust”.
At the top end of the assessment, the listing could be the second largest in Germany on record and the largest in Europe since 1999, Refinitiv data showed.
The offer, which is expected to move between 18.1 billion and 19.5 billion euros, comes at a time when instability in European markets has left almost no other offers to take place.
A total of 911 million shares of Porsche will be divided into 455.5 million preferred shares and 455.5 million common shares.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
