European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Selected European Holdcos and DLC: November/Mid-December‘22 Report

Selected European Holdcos and DLC: New Year‘23 Report

EQD | Volkswagen (VOW3 GY): Porsche IPO Could Unlock Value-We Look at the Best Derivative Trades

Intention to Float Porsche AG: A Good Deal for Porsche Automobile Holding SE

Event-Driven

Porsche Automobil Holding  / Event-Driven

<ul>
<li>Volkswagen sets the price range for the Porsche AG IPO between €76.50 and €82.50. The books are covered several times. Porsche AG will begin trading on September 29.</li>
<li>Through a holding chain, the Pïech and Porsche families will control 25% of the votes of Porsche AG directly and 39.975% indirectly (total of 64.975%), with just a 24.275% economic interest.</li>
<li>The IPO looks set for success, with possible DAX inclusion, and pricing likely towards the top-end. This should favour Volkswagen's re-rating and tighten the discount to NAV of Porsche SE.</li>
</ul>


Volkswagen sets the price range for the Porsche AG IPO between €76.50 and €82.50. The books are covered several times. Porsche AG will begin trading on September 29.
Through a holding chain, the Pïech and Porsche families will control 25% of the votes of Porsche AG directly and 39.975% indirectly (total of 64.975%), with just a 24.275% economic interest.
The IPO looks set for success, with possible DAX inclusion, and pricing likely towards the top-end. This should favour Volkswagen's re-rating and tighten the discount to NAV of Porsche SE.


Porsche Automobil Holding

Porsche AG: IPO Set for Success