In case of an initial public offering, the share capital of Porsche AG would be equally split into prefer ...More

In case of an initial public offering, the share capital of Porsche AG would be equally split into preferred and ordinary shares and up to a quarter of the preferred stock would be placed on the market, Volkswagen said, confirming an earlier Reuters story. ...Less

The issue could be Europe's third largest IPO on record if the upper price target is reached, according t ...More

The issue could be Europe's third largest IPO on record if the upper price target is reached, according to Refinitiv data. Volkswagen's share price was trading at 147.38 euros by 0727 GMT, from 145.38 at Friday's close. The shares had risen 3% in premarket trade on Monday. ...Less

Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 91 ...More

Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros. ...Less

Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, bu ...More

Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline. ...Less

Stabilization manager BofA Securities Europe SA gave notice to Volkswagen to partially exercise the green ...More

Stabilization manager BofA Securities Europe SA gave notice to Volkswagen to partially exercise the greenshoe option in the amount of 11,059,061 non-voting preferred shares of Porsche, VW said. ($1 = 1.0321 euros) (Writing by Rachel More, Editing by Miranda Murray) ...Less

The listing broke records and saw Porsche's market cap of around $72 billion was above rivals Ferrari and ...More

The listing broke records and saw Porsche's market cap of around $72 billion was above rivals Ferrari and slightly lower than Volkswagen. ...Less

Attracting interest from a broad range of investors was important, Blume said, declining to comment on wh ...More

Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation. ...Less

Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment office ...More

Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment officer at fund manager Capitell, said. "The IPO has now made it very, very transparent what value the market brings to Porsche. That, of course, also has a positive effect on Volkswagen shareholders. ...Less

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior execut ...More

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week. ...Less

World No. 2 carmaker Volkswagen warned on Tuesday that semiconductor shortages, supply bottlenecks, high ...More

World No. 2 carmaker Volkswagen warned on Tuesday that semiconductor shortages, supply bottlenecks, high commodity prices and the Russia-Ukraine conflict could hit growth in 2022, as the challenges facing the auto industry mount. ...Less