Porsche IPO Poised to Price at Top End of Range: Bookrunners

Porsche IPO Poised to Price at Top End of Range: Bookrunners
A logo of Porsche outside a Porsche car dealer in Brussels on May 28, 2020. Yves Herman/Reuters
Reuters
Updated:

BERLIN—Porsche AG shares are poised to price at the top end of the previously announced range, potentially valuing the sports car brand at up to 75 billion euros ($72 billion) in one of Europe’s biggest ever listings.

Several bookrunners involved in the deal said Porsche’s books were covered multiple times ahead of the company’s market debut on Sept. 29.