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Today, the luxury car giant’s listing on the Frankfurt stock exchange is at a very high level. Despite the fall in value of other manufacturers such as Aston Martin or Ferrari.
Volkswagen, owner of Porsche, had estimated earlier this month that the share price would be placed between 76.5 and 82.5 euros. An exceptional valuation of up to 75 billion euros (72 billion dollars).
This valuation should bring between 18.1 and 19.5 billion euros of gain to the German carmaker, at a time when European markets are more unstable than ever.
The listing could be the second largest ever in Germany, and the largest in Europe since 1999, according to Refinity data.
Volkswagen Group and the Porsche family had foresight
The 911 million Porsche shares were split into two: 455, 5 million common shares and 455.5 million preferred shares.
But what does this mean?
Simply put, once a company goes public or plans to go public, anyone can usually buy shares. However, to cover their bases, companies sometimes split them into two lots.
In the case of Porsche, the common shares are kept by the company. That is, no one can access them. On the other hand, a part of the preferred shares is intended for the general public, and the other remains allocated to Porsche. Of the 455.5 million preferred shares, 12.5%, which is equivalent to 113,875,000 million shares, are available to potential investors without voting rights.
Porsche is doing well
With the war in Ukraine, inflation and the fossil fuel crisis, the financial markets are trending downward, especially in the automotive sector.
As a result, the shares of car manufacturers such as Aston Martin, Ferrari and Mercedes are falling.
For Porsche, whose profitability is strong, the elitism of the brand prevails and investors, even in times of crisis, want to put money into the project.
An unparalleled listing, which will allow Porsche to raise about ten billion euros and finance its costly transition to electric vehicles.
Read also >Stock exchange: Volkswagen targets a valuation of 75 billion euros for Porsche
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Today, the luxury car giant’s listing on the Frankfurt stock exchange is at a very high level. Despite the fall in value of other manufacturers such as Aston Martin or Ferrari.
Volkswagen, owner of Porsche, had estimated earlier this month that the share price would be placed between 76.5 and 82.5 euros. An exceptional valuation of up to 75 billion euros (72 billion dollars).
This valuation should bring between 18.1 and 19.5 billion euros of gain to the German carmaker, at a time when European markets are more unstable than ever.
The listing could be the second largest ever in Germany, and the largest in Europe since 1999, according to Refinity data.
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Today, the luxury car giant’s listing on the Frankfurt stock exchange is at a very high level. Despite the fall in value of other manufacturers such as Aston Martin or Ferrari.
Volkswagen, owner of Porsche, had estimated earlier this month that the share price would be placed between 76.5 and 82.5 euros. An exceptional valuation of up to 75 billion euros (72 billion dollars).
This valuation should bring between 18.1 and 19.5 billion euros of gain to the German carmaker, at a time when European markets are more unstable than ever.
The listing could be the second largest ever in Germany, and the largest in Europe since 1999, according to Refinity data.
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