The stabilization period for the initial public offering of Porsche AG has ended with gross proceeds from the sale of preferred shares amounting to around 9.1 billion euros ($8.82 billion), Volkswagen said on Tuesday.
Stabilization manager BofA Securities Europe SA gave notice to Volkswagen to partially exercise the greenshoe option in the amount of 11,059,061 non-voting preferred shares of Porsche, VW said.
