Legendary sports car brand Porsche enters the German stock market. The shares are listed with the fancy symbol P911.DE
Europe's largest IPO in a decade has become a reality. Porsche AG raised €9.4 billion from the market.
Only 12.5 percent of the total shares are available in the public offering, with one-fifth of them purchased outright by investors from Qatar's sovereign wealth fund.
Nonetheless, and despite the difficult timing for the IPO, when the world's financial markets are in a very difficult moment and Germany is in particular trouble because of the energy crisis, there has been a lot of interest in the shares.
Today we present the valuation of Porsche AG, prepared by companyvalueradar.com
Porsche is one of the world's most successful luxury automotive manufacturers (based on 2021 unit sales in the global luxury automotive segment).
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