Volkswagen wants to make good money from Porsche
- September 19, 2022
- 0
The Volkswagen Group lists shares in the sports car manufacturer Porsche on the Frankfurt Stock Exchange. The price will be 76.5-82.5 euros per paper. For example, the Germans
The Volkswagen Group lists shares in the sports car manufacturer Porsche on the Frankfurt Stock Exchange. The price will be 76.5-82.5 euros per paper. For example, the Germans plan to attract 8.7-9.4 billion euros from the placement of their shares. Of course we wanted more, but it didn’t work out.
The placement of preferred stock among those who have already signed up will begin tomorrow, September 20, and trading on the exchange will begin on September 29. According to Kommersant, among those planning to buy shares are Qatar’s Sovereign Investment Fund, the UAE ADQ Investment Fund, Norway’s Sovereign Investment Fund and American T. Rowe Price.
After placing papers, the valuation of Porsche could be between 70 and 75 billion euros. However, according to Bloomberg, these numbers are lower than the Germans had planned. They wanted a valuation of 85 billion euros. A number of experts believe that this could be caused by a decline in investor activity due to rising inflation in the world, as well as a slowdown in the global economy.
The placement of preferred stock among those who have already signed up will begin tomorrow, September 20, and trading on the exchange will begin on September 29. According to Kommersant, among those planning to buy shares are Qatar’s Sovereign Investment Fund, the UAE ADQ Investment Fund, Norway’s Sovereign Investment Fund and American T. Rowe Price.
After placing papers, the valuation of Porsche could be between 70 and 75 billion euros. However, according to Bloomberg, these numbers are lower than the Germans had planned. They wanted a valuation of 85 billion euros. A number of experts believe that this could be caused by a decline in investor activity due to rising inflation in the world, as well as a slowdown in the global economy.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
