Porsche goes public at 84 euros in Frankfurt

2022-09-29T07:47:57.068Z

Porsche stock is above the IPO price. German car giant Volkswagen successfully floated its luxury car subsidiary Porsche on the Frankfurt Stock Exchange on Thursday in Europe's biggest stock market operation in more than a decade. Porsche shares posted 84 euros, above the IPO price set at 82.50 euros, during its first listing at 07:15 GMT, valuing the Porsche group at more than 76 billion euros.