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Porsche’s Mega IPO Likely to Be Priced at Top End of Range

  • Orders below 82.50 euros apiece risk missing out: terms
  • IPO said to attract more than 1 billion euros of retail orders
Bloomberg business news
Porsche Investor Demand Exceeds $9.4 Billion IPO Offering
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Volkswagen AG is likely to price the 9.4 billion-euro ($9.1 billion) initial public offering of sports-car maker Porsche AG at the top end of an initial range, demonstrating the depth of demand for its share sale.

Investor orders below 82.50 euros apiece risk missing out on the transaction, according to terms seen by Bloomberg. Indicated demand for the offering exceeds deal size, the terms showed, even as markets sour and recession fears mount.