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| Name | Symbol | Market | Type |
|---|---|---|---|
| Porsche Automobile Holding SE (PK) | USOTC:POAHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 1.37% | 5.19 | 5.09 | 5.20 | 5.21 | 5.1875 | 5.20 | 142,572 | 21:18:14 |
From May 2022 to May 2024
By Kim Richters
Volkswagen AG's sports-car maker Porsche AG started trading on the stock market in Germany on Thursday with an initial price of 84 euros ($81.78) per preferred share.
Parent company Volkswagen created 911 million Porsche shares in a reference to its iconic 911 sports car model, with the stock divided in nonvoting preferred shares and ordinary shares with voting rights. It is selling 25% of Porsche preferred shares, or about 12.5% of the entire company in the IPO.
In addition, Volkswagen placed a bundle of ordinary shares with voting rights with it's largest shareholder Porsche SE, which paid a 7.5% premium for them.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 29, 2022 03:56 ET (07:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Porsche Automobile (PK) Chart |
1 Month Porsche Automobile (PK) Chart |
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