GERMANY COMPANY INFORMATION

Porsche to be listed on Frankfurt Stock Exchange at 82.5 euro per share

epa10213035 Porsche CEO Oliver Blume (R) and Porsche CFO Lutz Menschke (L) ring the opening bell during the initial public offering (IPO) of German car manufacturer Porsche at the Frankfurt Stock Exchange in Frankfurt am Main, Germany, 29 September 2022. With the largest IPO in Germany in 25 years, German automaker Volkswagen has set the placement price for the preferred shares at 82.50 euro per preferred share in consultation with Porsche AG and the advising banks. This gives Porsche a stock market value of 75 billion euros. Porsche shares will be traded on the Frankfurt Stock Exchange for the first time on 29 September 2022. EPA/SASCHA STEINBACH

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