Currently reading: Porsche IPO raises €19.5 billion for Volkswagen Group

Porsche flotation comprising 911 million shares at €82.50 apiece ‘a big dream come true’ for CEO Oliver Blume

Porsche AG’s initial public offering (IPO) raised €19.5 billion for parent company the Volkswagen Group, Reuters has reported.

The listing of 911 million shares – an apparent reference to its long-running sports car – was split 50:50 into preferred and ordinary shares. The former gets priority over receiving dividends, whereas the latter grants voting rights on issues including company strategy. Only the preferred shares were publicly traded.

This amounted to 12.5%

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