Porsche Gains After Staging A Blockbuster IPO Debut
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.
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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
Porsche AG shares made a strong start on Thursday after Volkswagen defied volatile markets to list the sports car brand at a valuation of 75 billion euros ($72 billion) in Germany’s second-biggest market debut.
Porsche AG shares made a strong start yesterday after Volkswagen defied volatile markets to list the sports car brand at a valuation of €75bn ($72bn) in