Porsche AG stepped towards the success of IPO

Fulfilling customers’ dreams is the driving force behind them. Today, a big dream is coming true for them. With the completion of the IPO, they begin a new chapter in the unique history of our company, said Oliver Blume, Chairman of the Board of Directors of Porsche AG. 

Above all, they themselves want to thank the more than 37,000 dedicated colleagues around the world and everyone who made it possible for them to announce our successful IPO today. With today’s initial listing, Porsche is the largest-ever IPO in Europe in terms of a market capitalization of approximately €78 billion, equal to the calculated value of the preferred stock offering price. preference and the corresponding value for ordinary shares.

In total, Volkswagen is ordering 113,875,000 non-voting preference shares with no par value of Porsche AG (“Preference Shares”) (including 14,853,260 preferred shares to cover the allocations). excess) in connection with the IPO. The number of reserved preferred shares represents 12.5% ​​of the issued and outstanding share capital of Porsche AG.

Trading of Preferred Shares on the regulated market of the Frankfurt Stock Exchange (Prime Standard) will take place under the trading symbol “P911”, German Stock Code (WKN) “PAG911” and ISIN “DE000PAG9113” .

He and his team aim to inspire customers and fans around the world – with successful products and compelling financial performance. They want to share this passion with investors and they are delighted to welcome those who have become part of our unique Porsche family, said Lutz Meschke, Executive Vice President and Member of the Executive Board. said a member of the Executive Board of Finance and IT. at Porsche AG.

We work together with determination to execute our long-term strategy. Here we can get the best of both worlds: advantage of our luxury positioning and cooperation with the Volkswagen Group.

Theodor Weimer, Chairman of the Board of Directors of Deutsche Börse AG, Andreas Haffner, Member of the Management of Human Resources and Social Affairs at Porsche AG, Lutz Meschke, Vice Chairman and Member of the Management Board Finance and IT at Porsche AG, Oliver Blume, Chairman of the Executive Board of Porsche AG, Barbara Frenkel, Member of the Executive Committee Purchasing at Porsche AG, Michael Steiner, Member of the Executive Board Research and Development at Porsche AG , Detlev von Platen, Member of Sales and Marketing Management of Porsche AG, and Albrecht Reimold, Member of Production and Logistics Management of Porsche AG (l-r)

A step towards more autonomy and entrepreneurial freedom

The IPO opens up greater business freedom for Porsche. The agreement to dominate and transfer profits and losses with Volkswagen will expire at the end of 2022. It will be replaced by a lengthy Industrial Cooperation Agreement (ICA) in which Porsche and Volkswagen will regulate the industrial future. and their strategic relationship. The two companies have common interests: the sustainable development and value creation of Porsche AG.

Ambitious goals – economic, ecological and social

With the IPO, Porsche is moving forward and setting itself ambitious goals:

economic, ecological and social. Oliver Blume says he and his colleagues aim to redefine the concept of modern luxury by combining luxury with sustainability and social commitment. Porsche wants to grow with luxury products and services and fulfill its social responsibility.

Porsche also finds itself at the forefront when it comes to electromechanical capabilities and has set itself ambitious goals:

By 2030, Porsche’s ambition is that more than 80% of new vehicles delivered will be battery electric vehicles (“BEVs”). As part of its strategy, the company is also aiming for a carbon neutral net value chain by 2030 and a carbon neutral net use phase for future BEV models.

 If you’re looking to enhance the style of your Porsche, consider options like 911 headlights to complement its modern luxury and sustainability.