Porsche IPO: Volkswagen sets price range for sale of stake; check listing date
The German auto-maker said it aims for a listing on the Frankfurt stock exchange on September 29 after it places up to 25 per cent of non-voting preferred shares in Porsche AG, maker of the 911 sports car and Cayenne SUV, with investors.
![Porsche IPO: Volkswagen sets price range for sale of stake; check listing date Porsche IPO: Volkswagen sets price range for sale of stake; check listing date](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/09/20/201122-ipo-ians.jpg?itok=4bpYEyhe&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
Porsche's share capital has been split into 50 per cent preferred and 50 per cent ordinary shares, so that the IPO stake represents 12.5 per cent of the company. Pic: IANS