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Porsche Automobile Holding SE (PK)

Porsche Automobile Holding SE (PK) (POAHY)

4.574
-0.0761
(-1.64%)
Closed July 20 4:00PM

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Key stats and details

Current Price
4.574
Bid
4.56
Ask
4.67
Volume
206,351
4.56 Day's Range 4.60
0.00 52 Week Range 0.00
Market Cap
Previous Close
4.6501
Open
4.60
Last Trade
20
@
4.575
Last Trade Time
Financial Volume
$ 944,560
VWAP
4.5774
Average Volume (3m)
-
Shares Outstanding
3,062,500,000
Dividend Yield
7.81%
PE Ratio
5.05
Earnings Per Share (EPS)
1.54
Revenue
220M
Net Profit
4.7B

About Porsche Automobile Holding SE (PK)

Sector
Investment Advice
Industry
Automobile Mfg Diversified
Headquarters
Stuttgart, Deu
Founded
1987
Porsche Automobile Holding SE (PK) is listed in the Investment Advice sector of the OTCMarkets with ticker POAHY. The last closing price for Porsche Automobile (PK) was $4.65. Over the last year, Porsche Automobile (PK) shares have traded in a share price range of $ 0.00 to $ 0.00.

Porsche Automobile (PK) currently has 3,062,500,000 shares outstanding. The market capitalization of Porsche Automobile (PK) is $14.24 billion. Porsche Automobile (PK) has a price to earnings ratio (PE ratio) of 5.05.

POAHY Latest News

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POAHY Discussion

View Posts
Porterhouse10 Porterhouse10 2 years ago
How low will it go
πŸ‘οΈ0
TheFinalCD TheFinalCD 2 years ago
nice.....


hydraulic shocks

LOL
πŸ‘οΈ0
crudeoil24 crudeoil24 2 years ago
Bounce! Your new porshe's shocks / ball joints are on warranty.
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TheFinalCD TheFinalCD 2 years ago
looks like its trying to bounce
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crudeoil24 crudeoil24 2 years ago
Good one! ..... I been so busy that I totally forgot about porsche.
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TheFinalCD TheFinalCD 2 years ago
red Porsche the irony of it
https://sprkbrain.tumblr.com/image/113259367775
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weedtrader420 weedtrader420 2 years ago
Pedal to the metal 8 )-β€œ
πŸ‘οΈ0
diskman diskman 2 years ago
Porsche, pedal to the metal
πŸ‘οΈ0
weedtrader420 weedtrader420 2 years ago
WOOHOOOOOO
πŸ‘οΈ0
diskman diskman 2 years ago
Me too
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weedtrader420 weedtrader420 2 years ago
Am I the only one buying
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diskman diskman 2 years ago
Porsche IPO Priced at $78 Billion, Will Finance VW Electric Car Transformation
German car giant Volkswagen priced the public offering of preferred stock in its luxury brand Porsche between €76.50 and €82.50 which was largely in line with investor expectations. Shares in Porsche AG POAHY are set to begin trading Sept. 29. It will be one of the largest recent European public listings in years, raising up to $9.4 billion and valuing the iconic carmaker as high as $78 billion. The deal will put Porsche shares in public hands for the first time since 2012 when VW bought the carmaker after Porsche’s failed attempt to use its higher market valuation to acquire VW.
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weedtrader420 weedtrader420 2 years ago
POAHY $15 TARGET PRICE
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Phosphene Phosphene 2 years ago
"Fittingly, the company plans on offering 911 million shares of Porsche AG including 455.5 million preferred shares and 455.5 million ordinary shares."
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Phosphene Phosphene 2 years ago
The Porsche-Piëch family that controls 53% of the Volkswagen Group's voting shares is set to buy 25% plus one of the Porsche AG common shares with voting rights, effectively buying themselves a minority blocking stake in the company.
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crudeoil24 crudeoil24 2 years ago
IPO > Set for September 29

POAHY
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Invest-in-America Invest-in-America 2 years ago
THANKS!! GOT IT!!
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crudeoil24 crudeoil24 2 years ago
Porsche AG is set to begin trading on Sept. 29.
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crudeoil24 crudeoil24 2 years ago
Volkswagen's IPO Price Range for Porsche AG in Line With Expectations -- Market Talk
2:47 am ET September 19, 2022 (Dow Jones) Print
0647 GMT - Volkswagen and its shareholder Porsche SE will likely trade slightly higher on Monday after releasing more details about the planned listing of sports-car maker Porsche AG, a trader says. While both companies' shares aren't expected to rise significantly, because the new details are largely in line with expectations, the forecasted proceeds from the unit's IPO will be available for investments in technologies and are clearly positive, the trader says. Volkswagen is targeting a Porsche AG valuation of up to EUR75 billion, and intends to list the subsidiary's shares at between EUR76.50 and EUR82.50, in the middle range of analysts' expectations. Porsche AG is set to begin trading on Sept. 29. (barcelonaeditors@dowjones.com)


(END) Dow Jones Newswires

September 19, 2022 02:47 ET (06:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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weedtrader420 weedtrader420 2 years ago
WOOHOOOOOO WOOHOOOOOO
πŸ‘οΈ0
diskman diskman 2 years ago
Porsche IPO put the pedal to the metal.
πŸ‘οΈ0
weedtrader420 weedtrader420 2 years ago
Loaded this motherfcker all last week WOOHOOOOOO
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diskman diskman 2 years ago
Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO
PUBLISHED SUN, SEP 18 20223:37 PM EDTUPDATED 9 MIN AGO
Reuters
KEY POINTS
Volkswagen is targeting a valuation of $70.1 billion to $75.1 billion for luxury sportscar maker Porsche.
Volkswagen was expected to announce the pricing range of the Porsche IPO, planned for late September or early October, later in the evening.
The name of the car manufacturer Porsche is attached to the curved facade of the newly built Porsche Centre in Magdeburg.
The name of the car manufacturer Porsche is attached to the curved facade of the newly built Porsche Centre in Magdeburg.
Stephan Schulz | picture alliance via Getty Images
Volkswagen
is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s second-largest initial public offering (IPO) in history.

Volkswagen will price preferred shares in the flotation of Porsche at 76.50 euros to 82.50 euros per share, the carmaker said, translating into a valuation of 70 billion to 75 billion euros.

At the upper end of the range, first reported by Reuters, it would become Europe’s third-largest IPO on record, according to Refinitiv data. Trading will begin on the Frankfurt Stock Exchange on Sept. 29, Volkswagen said.

As part of the listing, 911 million Porsche shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares. Up to 113,875,000 preferred shares, carrying no voting rights, will be placed with investors over the course of the IPO.

The sovereign wealth funds of Qatar, Abu Dhabi and Norway as well as mutual fund company T. Rowe Price will subscribe up to 3.68 billion euros worth of preferred shares as cornerstone investors, at the upper end of the valuation, Volkswagen said.

β€œWe are now in the home stretch with the IPO plans for Porsche and welcome the commitment of our cornerstone investors,” Volkswagen Chief Financial Officer and Chief Operating Officer Arno Antlitz said.

In line with Volkswagen’s agreement earlier in September with its largest shareholder Porsche, 25% plus one ordinary share in the sportscar brand, which do carry voting rights, will go to Porsche at the price of the preferred shares plus a 7.5% premium.

Porsche, the holding firm controlled by the Porsche and Piech families, will finance the acquisition of the ordinary shares with debt capital of up to 7.9 billion euros, it said in a separate statement.

Total proceeds from the sale will be 18.1 billion to 19.5 billion euros. If the IPO goes ahead, Volkswagen will call an extraordinary shareholder meeting in December where it will propose to pay 49% of total proceeds to shareholders in early 2023 as a special dividend.

A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares.
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diskman diskman 2 years ago
The Porsche IPO Explained via
@YouTube
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swampboots swampboots 2 years ago
POAHY 6.69: I get that and they plan on giving dividend to common shareholders, but
what theories to root for if IPO goes sky high, and is the common they are talking about exactly the same stock on this board?
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weedtrader420 weedtrader420 2 years ago
POAHY$ I CAN SEE CLEARLY NOW
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weedtrader420 weedtrader420 2 years ago
BUYING BUYING BUYING WOOHOOOOOO
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diskman diskman 2 years ago
Volkswagen (OTCPK:VWAGY) will pursue an IPO of the preferred shares of Porsche (OTCPK:POAHY), triggering what could become one of Europe's largest-ever listings.
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swampboots swampboots 2 years ago
POAHY; I do not understand the relationship with the stock POAHY and the new to be approved POAHY IPO...... On what theory in real understood english will the POAHY pink traded stock rise?
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diskman diskman 2 years ago
You got that right, adding
πŸ‘οΈ0
weedtrader420 weedtrader420 2 years ago
Porsche will be one of them great IPOs like Visa MasterCard Ferrari
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crudeoil24 crudeoil24 2 years ago
Porsche IPO Won't Be Hurt by Challenging Market Environment, CEO Says
5:58 am ET September 6, 2022 (Dow Jones) Print

By Britta Becks


Porsche AG's executive board is convinced that the company's initial public offering set for the fall will be a success despite the challenging market environment and the tense geopolitical situation, said Chief Executive Oliver Blume, who is also head of Volkswagen AG.

The sports-car maker has always proven to be extremely robust and resilient especially in times of crisis, Mr. Blume said during a video conference with journalists on Tuesday. He referred to challenges such as the coronavirus pandemic, the semiconductor shortage and the war in Ukraine. Porsche has always achieved high-profit margins, he said, and this should have persuasive power for potential investors. According to Chief Financial Officer Lutz Meschke, the Qatar Investment Authority has already expressed interest and could subscribe just under 5% of Porsche shares.

There is a lot of capital on the market, Mr. Blume said, adding that Porsche's IPO could even be an icebreaker for the IPO market.

Looking at concerns that a double mandate could generate conflict of interest, Mr. Blume said that he could potentially remain neutral and that the Porsche board would then always be in a position to make independent decisions. Also, by maintaining a dual function he would be able to ensure that synergies would continue to flow in both directions--from Volkswagen to Porsche and from Porsche to Volkswagen, Mr. Blume said.


Write to Britta Becks at britta.becks@wsj.com


(END) Dow Jones Newswires

September 06, 2022 05:58 ET (09:58 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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diskman diskman 2 years ago
Volkswagen plans Porsche IPO in weeks
Steve Goldstein - 1h ago
Comments

Share

IN THIS ARTICLE

VWAPY
? ?0.00%?

Volkswagen on Tuesday said it will go ahead with an initial public offering of its Porsche sports-car division, pressing ahead despite a difficult market backdrop.

Volkswagen plans Porsche IPO in weeks
Volkswagen plans Porsche IPO in weeks
© Sean Gallup/Getty Images
The German automaker, which had said it was considering the move since February, said it’s planning to list Porsche at the end of September or the beginning of October on the Frankfurt Stock Exchange.

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Valuations for Porsche range from €60 billion ($58 billion) to €80 billion, potentially making the Porsche IPO the largest ever for the German market.

Investors will be able to buy preferred shares in Porsche, that do not carry voting rights.

Porsche Automobil Holding β€” the family’s holding company which holds a majority of Volkswagen β€” will acquire 25% plus one share of Porsche at the placement price of the ordinary shares, plus a premium of 7.5% over the preference price.

β€œClearly, it is not ideal timing for an IPO and it is a questionable structure in our view, especially from a corporate governance perspective. However, due to the quality of the Porsche asset, the apparent interest of investors like Qatar, Bernard Arnault, Dietrich Mateschitz and presumably a lot of interest from retail investors, we assume the IPO will happen,” said analysts at Stifel.

Qatar has already agreed to buy a 5% stake, VW said.

VW said it will return up to 49% of the gross proceeds of the IPO in a special dividend to be paid early next year.

Volkswagen shares rose 2.5% in early action, though the stock is down 17% on the year.


Start the conversation
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diskman diskman 2 years ago
Volkswagen boards to discuss Porsche listing on Monday

POAHY
+0.57%
Victoria Waldersee
Sat, September 3, 2022 at 2:14 AM·2 min read

FILE PHOTO: LA Auto Show in Los Angeles
In this article:

POAHY
+0.57%
By Victoria Waldersee

BERLIN (Reuters) -Volkswagen's management and supervisory boards will meet on Monday to discuss whether the long-anticipated listing of sports car brand Porsche should go ahead in late September or early October, the carmaker said on Saturday.

A decision will also be made on whether Volkswagen approves of the sale of 25% plus one share of ordinary shares in Porsche AG to Porsche SE, as laid out in a framework agreement by the two parties in February.

That would give the Porsche and Piech families, which control Porsche SE, a blocking minority - a step that would bolster their push for greater control of the carmaker that was founded by their ancestor Ferdinand Porsche in 1931.

Porsche SE, which owns 31.4% of Volkswagen and holds 53.3% of voting rights, confirmed Monday's meeting in a separate statement, adding that the listing's launch was still subject to market developments and further board discussions.

Under the framework deal https://www.reuters.com/business/autos-transportation/volkswagen-top-shareholder-strike-framework-deal-porsche-ipo-2022-02-24/ reached in February, 25% of preference shares will be sold on the open market, equal to just 12.5% of Porsche's total capital.

Even that could raise up to 10.6 billion euros ($10.55 billion) if the brand's valuation reaches the higher end of investor estimates at about 85 billion euros, according to Reuters calculations.

That would make the listing among the largest in German history and the biggest in Europe since Enel SpA in 1999, according to Refinitiv data.

Ordinary shares, which would be solely owned by Volkswagen and Porsche SE under the plans, would not be publicly listed.

Some investors have questioned the timing of a stock market debut that would test the appeal of Europe's largest automaker at a time when the valuations of leading companies have shrunk amid the instability of war and record energy costs.

"It is becoming increasingly clear that the shareholder families are putting their interests first," said Henrik Schmidt, governance expert at Volkswagen investor DWS.

($1 = 1.0049 euros)

(Reporting by Riham Alkousaa and Victoria WalderseeEditing by Helen Popper)
πŸ‘οΈ0
diskman diskman 2 years ago
Porsche ready to fire up, love the sound of a flat 12 917
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swampboots swampboots 2 years ago
POAHY IPO still has to wait for confirmation of strong demand for the IPO , stock price holdback confirms those fears.
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diskman diskman 2 years ago
No doubt, adding
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crudeoil24 crudeoil24 2 years ago
Porshe needs to be on big boards. This will attract many tutes. This equity will attract many new investors. Pension plans, Tech university endowment funds, and mutual funds will scoop up Porshe shares.
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swampboots swampboots 2 years ago
POAHY: Tipped toed, all other IPO's dropped , this will disappoint at some level but may have unexpected first day consequences? Stock is not so bad without the ipo with the dividend, if nothing changes?
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weedtrader420 weedtrader420 2 years ago
Lol Good one
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crudeoil24 crudeoil24 2 years ago
Porsche 911 > "All my friends drive Porsches, I must make amends...oh Lord, don't ya buy me a Mercedes Benz.."

Janice Joplin

POAHY
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weedtrader420 weedtrader420 2 years ago
GM Crudeoil I’m in, The next Ferrari stock
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crudeoil24 crudeoil24 2 years ago
$olid day! > Porsche's initial public offering is getting close. It's going to be big deal.
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Invest-in-America Invest-in-America 2 years ago
INDEED, Lord C-O-24!! (I like this whole idea behind THIS one!!)
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crudeoil24 crudeoil24 2 years ago
LET'S GO PORSHE !!!!!

POAHY
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crudeoil24 crudeoil24 2 years ago
7.30

POAHY
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crudeoil24 crudeoil24 2 years ago
7.24 x 7.26 > Pacing upwards towards opening bell.
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Invest-in-America Invest-in-America 2 years ago
L.O.L.
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crudeoil24 crudeoil24 2 years ago
OK Bluto ! Get back to your Animal House!

POAHY
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Invest-in-America Invest-in-America 2 years ago
POAHY: O.K., SORRY, Admiral C-O-24!! Just did my little 'DD', so now I know what you were talkin' about in your PM. (I didn't even know that PORSCHE was in the Stinky Pinkies!! See live film-clip, below, of my Broker --- the Girl --- chastising me [at left] for being so IGNORANT!!) (I'm iHub's YOUNGEST paid member.)

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