Saturday, July 12, 2025

Latest

Porsche Defies Market Gravity In €75 Billion IPO

Luxury carmaker Porsche made its stock market debut on Thursday in one of Europe’s biggest initial public offerings. The firm priced the firm’s shares at the top end of the previously announced range, selling at €82.50 per share.

The offering was able to raise €19.5 billion and puts the company’s valuation at around €75 billion, nearly eclipsing its parent company The Volkswagen Group (FSE: VOW). The latter initially announced the IPO plan earlier this month and said the market debut is planned for in late September or in early October, “subject to further capital market developments.”

The IPO is Germany’s biggest listing since Deutsche Telekom in 1996.

Despite weaker stock markets, the luxury car brand is seeing a rise on its share price, peaking at €86.54 on the day. Traders said that the listing won’t be an indicator of how IPOs would perform in the current market, seeing as Porsche with a strong brand in a unique market position.

Some proceeds from the offering are slated to be used in building more electric vehicles, according to the company. Volkswagen will also propose giving its shareholders a special dividend from 49% of the proceeds in the event “of a successful IPO.”


Information for this briefing was found via Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

German Automakers Fined Over Emissions Technology Collusion

The European Union has decided to fine several German automakers over illegally conspiring to restrain...

Sunday, July 11, 2021, 01:03:00 PM

Volkswagen Announces Three Separate Partnerships For In-House EV Battery Push

The Volkswagen Group (FSE: VOW) announced on Wednesday its strategic partnerships with three separate industry...

Friday, December 10, 2021, 04:27:00 PM

Volkswagen to Build First North American EV Battery Factory in Ontario

European automaker Volkswagen is planning to build an EV battery plant in Ontario, marking a...

Monday, March 13, 2023, 04:15:57 PM

Volkswagen Workers in US Launch Massive Union Push

In a groundbreaking move, workers at Volkswagen’s Tennessee plant have launched a union campaign, marking...

Friday, December 8, 2023, 03:07:00 PM

Volkswagen’s Investment In Xpeng Could Be A Template For Future EV Deals

Volkswagen’s July 26 announcement that it will invest US$700 million to gain an approximate 5%...

Sunday, July 30, 2023, 11:21:00 AM