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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,608
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Porsche IPO is Thursday
I have been following the IPO news somewhat as I am fascinated by the company . Yesterday I told my financial advisor to buy 1k worth on Thursday when they go public on Frankfurt exchange . I know there are huge $$$ players so I am hoping crumbs are available for us little guys .
My financial advisor warned me that 90% of IPO's trade for less 12 months later . I told him I understood and that I had no plans to sell . Will be interesting how this plays out . |
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09-27-2022, 03:02 AM
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Join Date: May 2017
Posts: 15,530
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911 million shares
455.5 million preferred and 455.5 million ordinary shares. |
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09-27-2022, 03:06 AM
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Evil Genius
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Interesting, might have to buy some.
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Life is a big ocean to swim in. Wag more, bark less. 
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09-27-2022, 06:46 AM
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Eva
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After doing some reading, analysts' initial thoughts are that the IPO is 30+% overpriced...
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'78 SC Targa ~Brynhild~ Insta: @911saucy "The car has been the cave wall on which Industrial Man has painted his longings and desires." -Eddie Alterman- |
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09-27-2022, 08:59 AM
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Join Date: Nov 2003
Location: Seattle
Posts: 1,247
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Market timing is a fool's errand. But in this case, why not wait until those "big $$$ players" have taken their profit and the stock drops 20%? Unless you're a "preferred customer" of the IPO brokering firm, buying within days of an IPO seems like a guaranteed short term paper loss.
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"Rust never sleeps" |
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09-27-2022, 09:37 AM
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Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,529
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Quote:
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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09-27-2022, 09:51 AM
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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,608
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This is more of an emotional purchase for me vs a good financial venture . It's only 1k so not a huge hit . Others may disagree and that's fine .
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09-27-2022, 01:10 PM
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Registered
Join Date: Jan 2002
Location: west michigan
Posts: 26,632
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What is it expected to open at...share price?
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI |
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09-27-2022, 01:22 PM
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Location: Dahlonega , Georgia
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Quote:
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09-27-2022, 01:31 PM
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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,361
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"Porsche IPO" - "I wouldn't touch it with a barge pole".
This is not financial advice.
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- Peter |
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09-27-2022, 01:33 PM
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Eva
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Quote:
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'78 SC Targa ~Brynhild~ Insta: @911saucy "The car has been the cave wall on which Industrial Man has painted his longings and desires." -Eddie Alterman- |
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09-27-2022, 02:45 PM
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Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,189
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It's so good when poor lil start-ups offer shares as a way to raise capital.
Obviously Porsche is not poor, little, nor a start-up. :-/
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Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong. Disclaimer: the above was 2¢ worth. More information is available as my professional opinion, which is provided for an exorbitant fee. 
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09-27-2022, 02:56 PM
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,518
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Ill do you all a favor. I won’t buy any.
Because if I do it will be down to 4 euro within 6 months.
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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09-28-2022, 05:42 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,529
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Quote:
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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09-28-2022, 09:49 AM
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Behind the Sun
Join Date: Jul 2014
Location: Tejas
Posts: 1,046
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Quote:
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09-28-2022, 10:09 AM
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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 14,608
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Got a call from my financial advisor he couldn't make the purchase . Something about how the shares are setup and being in the US . But there will be a buy opportunity in four weeks . He said that's probably good because the price may be lower then .
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09-29-2022, 09:06 AM
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Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,741
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Darn. With you as owner (part owner) of the company I was going to ask a favour. I was hoping to get a substaintial discount on a new GT2.
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09-29-2022, 10:16 AM
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Location: Dahlonega , Georgia
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Quote:
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09-29-2022, 10:28 AM
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Registered
Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,741
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White, with blue wheels.
In fact any color is just fine. and a big thanks to you too. |
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09-29-2022, 10:51 AM
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1982 Porsche 911SC 3.0L warmed over
Eva
Das Eos-Gone But Not Forgotten...
Battle Wagon
