on the way to the flagship index of the Frankfurt Stock Exchange

The Porsche 911 GT3 RS on display at the 2022 Los Angeles Auto Show in California on November 17. FREDERIC J. BROWN, AFP

The sports car manufacturer has gained 30% since its IPO. He will take the place of Puma in the Dax.

Less than three months after its debut with a bang on the Frankfurt Stock Exchange, Porsche will join the prestigious Dax index. Since the IPO the title has jumped 30%. Porsche will replace Puma in the German flagship index.

For the racing car manufacturer’s financial director, Lutz Meschke, this entry into the stock market elite proves that « even in a difficult environment, Porsche’s business model is robust and attractive to investors« .

On September 29, the car manufacturer, with a history of almost a century, made a fanfare debut on the Frankfurt Stock Exchange. He had carried out, by the way, one of the most important IPOs in Europe for more than ten years.

By placing 12.5% ​​of the capital of its nugget on the stock market, the operation allowed the Volkswagen group, parent company of Porsche, to pocket 9 billion euros to finance the costly transition to the electric and autonomous car.

The arrival of Porsche among the 40 values ​​​​of Dax will lead to relegation…

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