Porsche AG has been listed in the Dax selection index since Monday.
For the first time, Deutsche Börse had invited to an "Opening Bell Event" for an index inclusion.
In America, it's far more common to have celebrities ring the stock market bell for all sorts of occasions.
This Monday in Frankfurt, the honor went to Stefan Mayr-Uhlmann, spokesman for finance at Porsche AG, who, unlike the company's executive board, made it to Frankfurt.
Daniel Mohr
Editor in Business.
Follow I follow
Gustave parts
Business correspondent in Stuttgart.
Follow I follow
The black ice thwarted the plans of CEO Oliver Blume and CFO Lutz Meschke.
The plane from Stuttgart to Frankfurt could not take off, and other means of transport were apparently not an option for the Porsche managers.
The event planned for the morning was postponed to early noon, and Blume and Meschke were only connected via video.
Blume was "happy and proud" about the recording.
The rapid rise shows that investors all over the world are convinced of Porsche's business model and potential.
CFO Meschke combined the admission with a commitment to the Frankfurt stock exchange.
With the IPO, "they were happy to help strengthen Germany as a financial location," he said somewhat patronizingly.
Porsche AG went public on September 29, just as the Dax fell below 12,000 points for the first time in two years.
The initial share price of EUR 84 was slightly higher than the issue price of EUR 82.50.
Initially, the accompanying banks had to support the price somewhat, but then it developed well above average and rose to more than 110 euros in November.
At the moment of the Dax ascent, it was hovering around 96 euros on Monday, and the Dax has since recovered to around 14,000 points.
The Porsche IPO was the highlight of the year for Deutsche Börse.
It's been a long time since the trading floor has been so crowded, and the advantages of an IPO have seldom been demonstrated so vividly.
More than nine billion euros flowed from the new shareholders into the coffers of VW, which sold a quarter of its shares in the course of the IPO.
VW will earn a further ten billion euros by selling shares to Porsche Automobil Holding, whose voting rights are 100 percent in the hands of the Porsche and Piëch families and which, as the major shareholder, holds the majority of VW ordinary shares.
Three shares related to Porsche in the Dax
The Stuttgart Porsche Automobil Holding with its around three dozen employees has been represented in the Dax with its preferred shares since last year and is now weighted at 0.7 percent.
Your largest stake in VW is also in the Dax with the preferred shares and has a weight of around 2.3 percent.
Porsche AG is now entering the Dax with around 1 percent.
The weight is based on the value of the freely tradable shares, so VW's 75 percent stake in Porsche does not count in the weighting.
Nevertheless, the eleven billion euros market value of the freely tradable shares was easily enough for the rise according to the "fast entry" rule.
Puma had to give way and is now in the M-Dax.
So far, only Deutsche Telekom has made it into the Dax faster than Porsche, which was included in the index on November 18, 1996, the same day it went public.
Today that would no longer be possible.
At that time, however, there were no ETFs for which index inclusion on the first day of trading would be an enormous challenge.
According to archive data from the FAZ, after Telekom and Porsche (81 days between IPO and Dax inclusion), Daimler Truck (101 days), Deutsche Post (119), Epcos (122), Siemens Energy (190) and Deutsche are in second place Exchange itself with 720 days.
Although VW received more than 19 billion euros from the IPO, this has not benefited the share price so far.
It has been in the red since then and barely made the recovery in October and November.
On January 9, half of the proceeds from the IPO will be distributed to VW shareholders in the form of a special dividend of 19.06 euros per share, giving Porsche Automobil Holding around three billion euros before taxes, Lower Saxony a good one billion euros and Qatar nearly one billion euros.
