The plan is to list the shares in Frankfurt on the Frankfurt Stock Exchange, the largest of the seven stock exchanges in Germany, according to a Porsche press release on September 5. This could well be the biggest European initial public offering (IPO) ever, depending on the interest of investors. According to data released by Porsche, the IPO is planned for the end of September or the beginning of October, depending on the developments in broader capital markets.
Most successful sports car manufacturer
Oliver Blume, Chairman of the Executive Board of Porsche AG was adamant that this IPO would be a historic moment for Porsche.
Share division
Moreover, the share capital of Porsche would be divided into 50% preferred shares and 50% ordinary shares according to the listing plans. Meanwhile, up to 25% of the preferred shares would be listed to support free float and create a liquid aftermarket for the Porsche AG shares. In this regard, Lutz Meschke, the Deputy chairman of the executive board, said: Finally, to sweeten the deal, there are plans to payout 50% of the Porsche Group consolidated profit after tax as a dividend to shareholders in the mid-term. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
