Luxury car brands should be better long-term investments than mass market ones. That doesn’t mean they’re recession-proof. Less than two weeks after its initial public offering, the Porsche POAHY -2.73% has already overtaken its majority shareholder Volkswagen VOW -1.06% in terms of market value. The comparison is simplistic, given differences in capital structure, but it … Read more
IN EVERY TEST DRIVE there comes a moment when a car reveals itself – its essence, its reason for being. In the 2023 Porsche 911 GT3 RS – a car that is to ordinary cars what Chris Hemsworth is to upper arm development – the moment came last week as he lapped the Silverstone Circuit … Read more
Sometimes markets can be funny. Porsche stock was rising while Volkswagen which owns most of Porsche stock, was falling. That reaction is likely to confuse some investors. The IPO of Dr Ing HC F Porsche, which is better known as just Porsche, is now complete and Porsche shares have begun trading under the very appropriate, … Read more
Tysklands Volkswagen AG LØFTE 1,77 % sagde onsdag, at det havde prissat den første børsnotering af Porsche AG EKSPLODERET 3,67 % i den øverste ende af det målrettede interval, hvilket sætter børsnoteringen på vej til at blive en af Europas største i mere end et årti. Udbuddet af foretrukne aktier værdier Porsche til mere end … Read more
Ahead of Volkswagen’s IPO of Porsche AG in a few weeks, the hedge fund Millennium International Management has built up a large short position in Porsche SE. According to data from research firm Breakout Point, Millennium disclosed a position representing 0.6% of the company’s shares on September 14th. A rough estimate based on current market … Read more
BERLIN—Porsche AG shares are set to begin trading Sept. 29 in one of the biggest European IPOs in years, raising up to $9.4 billion and valuing the sports car maker at as much as $78 billion. Porsche’s parent company, German auto giant Volkswagen AG, priced the public offering of preferred shares in line with average … Read more
Ford Motor co. F -0.54% plans to unveil its next-generation Mustang sports car on Wednesday in an effort to appeal to enthusiasts who still want to feel the rumble of an engine under the hood. The Dearborn, Mich., automaker is set to show off the new model — its first redesign of the Mustang in … Read more
The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates, injecting fresh cash into VW’s coffers that executives say will help the company bankroll its transition to electric vehicles and self- driving cars. VW plans to make just 12.5% of Porsche … Read more
It would take a real market crash to throw Porsche’s IPO off course. Amid dire warnings about the European economy and weak stock markets, Volkswagen VOW 3.81% said late Monday that it had decided to go ahead with the minority IPO of its sports car brand. This is not as strange as it sounds: the … Read more
VW, Europe’s biggest auto maker by sales, said the companies’ boards would meet on Monday to discuss the private placement of common stock and whether to move forward with an initial public offering of 25% of Porsche’s nonvoting preferred shares. If approved, Porsche shares could begin trading at the end of the month or in … Read more