Porsche’s shares opened almost 2% higher on their first day of trading
Porsche AG’s shares opened almost 2% higher on their first day of trading Thursday, supported by investors who missed out in one of Europe’s biggest initial public offerings to get a piece of the luxury car brand.
The trading debut contrasts with an otherwise downbeat global market for initial public offerings. The total value of IPOs is down 70% globally to $135 billion so far in 2022 from the comparable period last year, according to data from Dealogic.
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