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D-Day for Porsche’s stock market launch

D-Day for Porsche’s stock market launch

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Today, the luxury car giant’s listing on the Frankfurt stock exchange is at a very high level. Despite the fall in value of other manufacturers such as Aston Martin or Ferrari.

 

Volkswagen, owner of Porsche, had estimated earlier this month that the share price would be placed between 76.5 and 82.5 euros. An exceptional valuation of up to 75 billion euros (72 billion dollars).

 

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This valuation should bring between 18.1 and 19.5 billion euros of gain to the German carmaker, at a time when European markets are more unstable than ever.

 

The listing could be the second largest ever in Germany, and the largest in Europe since 1999, according to Refinity data.

 

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