Volkswagen: terms of Traton's IPO

(CercleFinance.com) - Volkswagen has defined the framework for the IPO project of its subsidiary Traton.


The group announces that the price range for Traton's IPO has been set between 27 euros and 33 euros per share. The offer covers 50,000,000 existing shares from Volkswagen.

An allocation of additional shares has been determined. This covers a maximum of 7,500,000 shares. Free float will be between 10.00% and 11.50%.

The offer period is scheduled to begin on 17 June 2019 until 27 June 2019, with share set to be first traded the next day, i.e. 28 June 2019.
The offer remains subject to the approval of the registration document by the German Federal Financial Supervisory Authority (BaFin), which is expected to be released in the next few days.

Frank Witter, Volkswagen's CFO, said, "We are now all set for the decisive phase. The IPO is driven by the aim to create value for our stakeholders."

Meanwhile, Andreas Renschler, Traton's CEO and member of Volkswagen's management board, said, "We believe TRATON is an attractive investment and feedback from investors and analysts strengthens this belief."



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