PLUS1
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | XE:VOW3 | XETRA | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.88 | 3.8% | 133.30 | 133.30 | 133.76 | 133.88 | 128.50 | 129.00 | 1,728,308 | 16:45:00 |
Volkswagen's Porsche AG Starts Trading at EUR84 a Share -- Update
29/09/2022 9:11am
Dow Jones News
Volkswagen (XE:VOW3)
Historical Stock Chart
From Aug 2022 to Feb 2023
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)
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