Porsche will go public on September 29

In a press release, Porsche announced its IPO while parent company Volkswagen set the price range for the shares.

The Volkswagen group announced this Sunday its intention to list its sports brand on the stock market Porsche from September 29, with a valuation objective of up to 75 billion euros. The Stuttgart brand has in fact set a placement price range for the preferred shares of Porsche AG, with a value between 76,50 euros and 82,50 euros per unit. In a nod to the firm's DNA, Porsche's capital was thus divided into 911 million shares, 50% of which were in the form of preferred shares, and the other half in ordinary shares with rights. voting. Volkswagen plans to place 25% of the preferred shares on the stock market, i.e. a total of 113 shares and 875% ​​of the company's capital. If Volkswagen is taking the risk of putting this 000% ​​at stake, it is with the aim of obtaining enough to successfully electrify its range, as well as all investments concerning connected and autonomous cars. 

ALSO READ > Where are Porsche's customer teams?