Saturday, December 3, 2022

Porsche IPO to issue 911 million shares in nod to its most famous car | Autoblog

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Company’s valuation is likely going to be as much as $80 billion

Details on the price range, valuation and confirmed cornerstone investors are likely to be announced after the meeting, a third source said.

The 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares, according to the website for the share placement. Only the preferred shares will be listed.

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