Porsche valuation of 76 billion Euros exceeds IPO expectations | DW News

Porsche valuation of 76 billion euros exceeds ipo expectations | dw news

DW News published this video item, entitled “Porsche valuation of 76 billion Euros exceeds IPO expectations | DW News” – below is their description.

German luxury and sports car manufacturer Porsche pealed out onto the Frankfurt Stock Exchange in the largest IPO Germany has seen in decades. Shares rose to 84 euros shortly after traders got the green light. It was a higher then expected start compaired to VW’s inital asking price of 82.50 euros. That give’s Porsche a valuation of 76 billion euros. While the initial public offering comes at a time when markets are in turmoil, due to surging inflation and recession worries, Volkswagen expects to raise over 9 Billion euros from the sale of Porsche shares.

DW News YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - DW News

DW News is a global English-language news and information channel from German public international broadcaster Deutsche Welle, established in summer 2015.

Recent from DW News:

EU agrees on Russian oil price cap: Will it make a difference? | DW News

Myths human traffickers tell refugees and migrants | Fact check

Life with Long Covid | COVID-19 Special

In This Story: Germany

Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.

Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.

5 Recent Items: Germany

Downcast Germany team arrives home after shock exit from World Cup 2022

Berlin renames streets honoring colonialists | DW News

‘We Talk’ World Cup Edition: Spain’s top blind goalscorer

Putin rejects diplomatic solution in phone call with Olaf Scholz | DW News

Football fans’ silent goodbye to Germany | Al Jazeera Newsfeed

In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

5 Recent Items: Inflation

Pay transparency is ‘the first step’ in addressing the gender wage gap: Economist

Chief economist says inflation may peak this quarter with another rate hike expected | ABC News

Cramer’s week ahead: Markets need strong job market, tame inflation to stay up

Possibility of a Soft Landing

U.S. Economy Adds 263,000 Jobs In November

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.