Porsche shares fall to 81 euros, way below IPO pricing
On Monday Porsche shares fell to 81 euros, 1.8% below the IPO pricing of 82.50 euros. At 1100 GMT they were trading at 81.48 euro per share, down 1.1%.
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On Monday Porsche shares fell to 81 euros, 1.8% below the IPO pricing of 82.50 euros. At 1100 GMT they were trading at 81.48 euro per share, down 1.1%.
Volkswagen priced Porsche AG shares the top end of the indicated range, and raised 19.5 billion euros via the listing to fund the group's electrification drive.
Sports car brand Porsche AG is revving its engine and continues to move it up a gear ahead of a possible IPO in 2022.
The conclusion of an agreement must be approved by the management board and supervisory board, the carmaker said, adding a final decision had not yet been taken.