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

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.

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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…