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Deutsche Bank mandated to lead Porsche IPO retail offering - spokesperson

Published 09/07/2022, 12:04 PM
Updated 09/07/2022, 12:12 PM
© Reuters. FILE PHOTO: The Porsche logo is seen on a wheel of the 2020 Porsche 911 Speedster as it is revealed at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019. REUTERS/Brendan McDermid/File Photo
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By Emma-Victoria Farr

© Reuters. FILE PHOTO: The Porsche logo is seen on a wheel of the 2020 Porsche 911 Speedster as it is revealed at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019. REUTERS/Brendan McDermid/File Photo

FRANKFURT (Reuters) - Deutsche Bank (ETR:DBKGn) has been mandated to run the retail offering of Porsche's upcoming listing, a spokesperson for Deutsche Bank said on Wednesday.

As part of the initial public offering, Volkswagen (ETR:VOWG_p) plans to offer preferred shares to the public in Germany, Austria, France, Italy, Spain and Switzerland in addition to offers to institutional investors.

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