The luxuries, speed, traditions, and financial triumph of Porsche can turn into part of your success. On September 29, the largest IPO by market capitalization took place in Europe. The IPO has become the second-largest listing in Germany and the record one since 1996. Porsche went public, and thanks to InstaForex, you can join the Porsche family.
After years of a lull in the European market, Volkswagen held its IPO worth €75 billion. "P911" is the new Porsche symbol, and it may become your lucky number.About company
Porsche AG offers six basic cars, many of which have modifications. These are the 718 and 911 sports cars, the Taycan electric sports car, the luxurious Panamera, and the Macan and Cayenne SUVs.
Porsche produced more than 300,000 cars in 2021, a new record for the company. Porsche AG is one of the most successful brands in the Volkswagen Group:in 2021, the brand generated 12% of the company's total revenue and 26% of its operating profitthe company earned more than €33 billion in sales and €4 billion in pre-tax profits last yearPorsche has increased sales and profits for at least three years in a rowDuring 2022, Porsche expects an operating margin on sales of 17% to 18% up to €38-€39 billion. About listing
Volkswagen issued 911 million Porsche shares with 455.5 million preferred shares and 455.5 million common shares.
On September 29, about 25% of the preferred shares were listed in the IPO on the Frankfurt Stock Exchange under the symbol "P911," German securities code (WKN) "PAG911," and ISIN code "DE000PAG9113."
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The owner of Volkswagen expects to raise €9.4 billion by selling 12.5% of the company's shares to external investors without voting rights.
Porsche pursues ambitious economic, ecological, and social goals. Porsche wants to grow with its luxury products and services and take on social responsibility. The company is confident that by 2030, it can become the flagship manufacturer of electric cars.
Markets admire good cars and ambitious projects. For example, since its IPO in 2015, Ferrari stock, which launched at €43, has more than quadrupled to today's price of €195. Despite current market conditions, Porshe aims to overtake and outperform its competitors. This is a bold step for the company as it strives to reach new milestones.
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