Porsche's initial public offering has been a resounding success in its first week and a half on the Frankfurt Stock Exchange. After ringing the bell as Europe's largest IPO by market cap, Porsche Group initially saw a small dip before rising to meteoric heights on Thursday with a peak of 84 billion euros at market close. The shares have fallen …
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Recent Posts from: Volkswagen Group
Porsche CEO Oliver Blume takes over as head of Volkswagen Group
It seems like it was just yesterday that Oliver Blume was appointed the head of our favorite sports car brand, but wouldn't you know it, that announcement was made all the way back in September of 2015! Blume first came on to our radar back in 2013 when he was appointed to Porsche's executive board as the man responsible for the company's …
Continue to the full articleReport: Volkswagen’s Porsche IPO is back on
Just over a month ago Volkswagen Group CEO Herbert Deiss assured everyone on the third quarter earnings call that the company would not be selling off assets. This came in the face of growing concerns that the company was looking to offload Lamborghini and Ducati, and that Porsche might be spun off with its own initial public offering. Porsche, in …
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