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Nyse recent ipos11/23/2023 ![]() ![]() Above all, I would like to thank our more than 37,000 dedicated colleagues worldwide and all who have enabled us to announce our successful IPO today." With the completion of the IPO, we are beginning a new chapter in the unique history of our company," says Oliver Blume, Chairman of the Executive Board of Porsche AG. "Making our customers’ dreams come true is what drives us. Our increased degree of autonomy puts us in a very good position to implement our ambitious goals in the coming years." CEO Oliver Blume: "Today, a big dream comes true for Porsche.Preferred Shares are listed on the Frankfurt Stock Exchange under the trading symbol "P911", German Securities Code (WKN) "PAG911" and the ISIN "DE000PAG9113".Offer price set at 82.50 euros per Preferred Share offered.Europe's largest IPO by market capitalization.The NYSE does not require any specific period of continuity of management.NOT FOR DISTRIBUTION OR ANNOUNCEMENT, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR ANNOUNCEMENT WOULD BE UNLAWFUL An operating history of three years is generally required. The registration statement must generally include three years’ audited financial statements, provided that only two years of audited financials are required for "emerging growth companies". Domestic issuers must have US GAAP financials.įinancial statements. ![]() Audited financial statements must be prepared in compliance with US GAAP or IFRS (as issued by IASB), or, if prepared in compliance with local GAAP (including any non-IASB IFRS), they must be reconciled to US GAAP. The market value of public shares must be US$40 million for IPO companies under the general domestic standards and US$100 million for other companies.Īccounting standards. To list under the alternate “foreign private issuer” standards, a company must have at least 5,000 holders of 100 shares or more and at least 2.5 million publicly held shares worldwide. To list securities in connection with an IPO, a company must have at least 400 holders of 100 shares or more and at least 1.1 million publicly held shares. At least 500 total shareholders, with an average monthly trading volume of at least 1 million shares for the most recent 12 months.At least 2,200 total shareholders and an average monthly trading volume of at least 100,000 shares for the most recent six months.At least 400 holders of 100 shares or more and an average monthly trading volume of at least 100,000 shares for the most recent six months.To list its existing securities or to transfer its listing to the NYSE, a company must have at least 1.1 million publicly held shares and meet one of the following three criteria: Shares must have a closing price (or, if listing in connection with an IPO, an offering price) of at least US$4.ĭistribution. Global market capitalization of at least US$500 million, revenues of at least US$100 million in the most recent 12-month period and three years’ aggregate cash flow of at least US$100 million (including at least US$25 million in cash flow in each of the last two years) (subject to certain adjustments).Īn “emerging growth company” that avails itself of certain provisions under the US securities laws allowing the company to report only two years of audited financial statements may qualify under alternate tests.Six months’ average global market capitalization of at least US$750 million and revenues of at least US$75 million in the most recent year.Three years’ aggregate pre-tax income of at least US$100 million, with at least US$25 million in pre-tax income in each of the last two years.Global market capitalization of at least US$200 million.Ī “foreign private issuer” may also choose to qualify under alternate standards, typically by having at least one of the following:.Three years’ aggregate pre-tax income of at least US$12 million, with at least US$5 million in the most recent fiscal year and US$2 million in the next most recent year.Three years’ aggregate pre-tax income of at least US$10 million, with at least US$2 million in each of the two preceding years and positive income in all three years. ![]() To qualify under the general standards, a company typically must have at least one of the following:
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