Volkswagen priced Porsche AG shares the top end of the indicated range, and raised 19.5 billion euros via the listing to fund the group's electrification drive.
Shares of Porsche (ETR:P911) are up on the luxury carmaker’s first trading day to mark one of the largest-ever initial public offerings (IPO) in European history.
Shares priced at top of indicated range; Biggest listing in Germany since 1996; Shares rise 3% despite weaker stock markets; IPO unlikely to reopen frozen markets