Thu, 2022-09-29 15:49
RIYADH: Volkswagen-owned Porsche is set to price its initial offering of stock at the high end of the planned range, Bloomberg reported
The share price was set at $80 per share, valuing the company at $73 billion, as it aims to pull off Europe’s largest initial public offering in a decade despite the turmoil in capital markets.
Porsche opens its Frankfurt stock market trading on Thursday, Sep. 29, for the first time.
Main category:
Business & Economy
