Porsche
Support purchases have hardly been necessary for Porsche shares since Tuesday.
(Photo: Bloomberg)
The accompanying investment banks have massively supported the share price of Porsche AG in the days after the IPO of the Stuttgart sports car manufacturer. To do this, they bought almost 3.8 million Porsche shares for 312.8 million euros from Thursday, September 29th to Tuesday, October 4th, according to a mandatory notification from the Bank of America (BofA Securities Europe) commissioned to do so. as of Wednesday evening. The measures were taken at prices between 81 and 82.50 euros.
Already on the first day of trading, the newcomer on the stock exchange came under selling pressure because the overall market was weak. For this reason, 1.8 million securities were purchased on this day via Xetra for support. The preferential securities from the possession of the previous sole owner Volkswagen were initially offered in a range between 76.50 and 82.50 euros and then came on the market at 82.50 euros. The first rate was 84 euros.
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