Porsche
Investor demand for the Porsche IPO is high.
(Photo: IMAGO/ZUMA Wire)
According to financial circles, the shares of the sports car manufacturer Porsche are in high demand. The publication of the price range is not expected until Sunday evening, the books for stock orders will probably open in the coming week. However, several people familiar with the transaction said there are already signs that there may be significantly more demand for shares than will be offered. “The Shadow Book is in very good condition,” said one of them.
Because of the size of the Porsche company, the brand awareness and the absence of other IPOs, many investors dealt with the topic: “The feedback is very positive.”
According to financial circles, some investors could receive particularly large blocks of shares as anchor investors. The hottest contenders are the sovereign wealth funds of Abu Dhabi and Norway and the US investment fund T. Rowe Price, it said.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue