{"id":1658358,"date":"2022-09-26T11:07:53","date_gmt":"2022-09-26T15:07:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1658358"},"modified":"2022-09-26T11:08:42","modified_gmt":"2022-09-26T15:08:42","slug":"indicated-demand-for-shares-in-porsche-ag-exceeds-full-deal-size-bookrunners","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indicated-demand-for-shares-in-porsche-ag-exceeds-full-deal-size-bookrunners\/","title":{"rendered":"Indicated demand for shares in Porsche AG exceeds full deal size \u2013 bookrunners"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Findicated-demand-for-shares-in-porsche-ag-exceeds-full-deal-size-bookrunners%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1658358&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>BERLIN (Reuters) \u2013     Orders below 82.50 euros ($79.69) per share for Porsche AG\u2019s listing risk missing as books are covered at this level multiple times, according to several bookrunners involved in the deal.<\/p>\n<p>Books will close at 1200 GMT on Sept. 28, the bookrunners said, correcting an earlier report by one bookrunner in which they said they would close on Sept 27.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Indicated demand exceeded the full deal size, the bookrunners said, with one describing demand as \u201cincredibly robust.\u201d<\/p>\n<p>Volkswagen will list its sportscar brand Porsche AG on Thursday at the Frankfurt Stock Exchange in what could become one of the largest IPOs in European history.<\/p>\n<p>Volkswagen said this month it would price preferred shares in the flotation of Porsche AG scheduled for this Thursday at 76.50 \u2013 82.50 euros per share, translating into a valuation of 70-75 billion euros.<\/p>\n<p>That would leave the luxury carmaker\u2019s market capitalisation below some investors\u2019 estimates of up to 85 billion euros, but far outstripping the 49-billion-euro price tag for rival BMW and Mercedes-Benz\u2019s 61 billion euros.<\/p>\n<p>($1 = 1.0353 euros)<\/p>\n<p> (Writing by Miranda Murray, Reporting by Lucy Raitano, Editing by Victoria Waldersee)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/indicated-demand-for-shares\/attachment\/file-photo-a-logo-of-porsche-is-seen-outside-a\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8P0ON-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8P0ON-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN (Reuters) \u2013 Orders below 82.50 euros ($79.69) per share for Porsche AG\u2019s listing risk missing as books are covered at this level multiple times, according to several bookrunners involved<\/p>\n","protected":false},"author":66,"featured_media":1889220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1658358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/indicated-demand-for-shares\/?utm_source=rss&utm_medium=rss&utm_campaign=indicated-demand-for-shares","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1658358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1658358"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1658358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889220"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1658358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1658358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1658358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}