Porsche IPO books are closed ahead of listing on Thursday – bookrunners

By:

Updated: Sep 28, 2022, 12:36 GMT+00:00

FRANKFURT (Reuters) - The books for Volkswagen's listing of Porsche AG are closed, a bookrunner said on Wednesday, in line with the previously announced schedule for the initial public offering taking place on Thursday.

An employee of German car manufacturer Porsche fixes a Porsche 911 Carrera 4S label at the Porsche factory in Stuttgart-Zuffenhausen, Germany

FRANKFURT (Reuters) – The books for Volkswagen’s listing of Porsche AG are closed, a bookrunner said on Wednesday, in line with the previously announced schedule for the initial public offering taking place on Thursday.

Porsche shares are poised to price at the top end of the previously announced range in the listing, bookrunners said earlier this week, potentially valuing the brand at up to 75 billion euros ($71.70 billion) in one of Europe’s biggest ever listings.

($1 = 1.0460 euros)

(Reporting by Victoria Waldersee, Lucy Raitano; Editing by Madeline Chambers)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: