(News Bulletin 247) – Jefferies maintains its sell recommendation and its price target at 115E on the Volkswagen (VW) share

- Advertisement -

The analyst notes that the range published by VW for the Porsche Car Prefs IPO (76.5-82.5 euros) values ​​100% of the shares at 72.3-78.0 billion euros (midpoint : 75.1 billion euros), including a premium of 7.5% for equities.

The margin is narrow, as expected by Jefferies, with a midpoint in line with various press reports and between 60-85 billion euros. ‘This despite seemingly high investor interest’.

- Advertisement -

Jefferies notes that no information on the accounting coverage or on the reference shareholders impacted the allocation. And to assume that the operation will be closed at the end of the month.

Copyright (c) 2022 News Bulletin 247. All rights reserved.