German carmaker Volkswagen lists 12.5% of Porsche shares to raise billions of euros to invest in electric cars
Porsche shares have risen on their first day of trading as the sports carmaker shrugged off a worsening global economy in a €75bn (£67bn) stock market float, the largest European listing for more than a decade.
Shares in the luxury carmaker were issued at €82.50 on the Frankfurt stock exchange on Thursday, before rising in value to €86.30 by late morning in Germany.
Continue reading…German carmaker Volkswagen lists 12.5% of Porsche shares to raise billions of euros to invest in electric carsPorsche shares have risen on their first day of trading as the sports carmaker shrugged off a worsening global economy in a €75bn (£67bn) stock market float, the largest European listing for more than a decade.Shares in the luxury carmaker were issued at €82.50 on the Frankfurt stock exchange on Thursday, before rising in value to €86.30 by late morning in Germany. Continue reading…