September 29, 2022. Porsche AG (DE000PAG9113) has been listed in the Prime Standard of the Frankfurt Stock Exchange since today. The initial price of the share was EUR 84 after the issue at EUR 82.50.
The IPO was accompanied by BofA Securities, Citigroup, Goldman Sachs, JP Morgan (each Joint Global Coordinators), BNP PARIBAS, Deutsche Bank, Morgan Stanley (each Senior Joint Bookrunners), Santander, Barclays, Société Générale, UniCredit Bank AG (each Joint Bookrunners), COMMERZBANK, Crédit Agricole CIB, LBBW and Mizuho (each co-lead manager). Goldman Sachs is as Designated Sponsor mandated in Xetra trading. The execution is carried out by Baader Bank AG, which is also known as specialist operates on the Frankfurt Stock Exchange trading venue.
Porsche AG is a sports car manufacturer based in Stuttgart-Zuffenhausen. In 2021, the company delivered more than 300,000 911, 718 Boxster, 718 Cayman, Cayenne, Macan, Panamera and Taycan vehicles to customers worldwide. Porsche achieved an operating result of 5.3 billion euros. Porsche has plants in Stuttgart and Leipzig and operates a development center in Weissach. The company employs around 37,000 people.
September 29, 2022, © Deutsche Börse AG
