Deutsche Bank mandated to lead Porsche IPO retail offering – spokesperson

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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.