Daily Brief: Porsche Drives A Stock Shift

about 2 months ago3:15 mins

Daily Brief: Porsche Drives A Stock Shift

Porsche made its hotly anticipated trading debut on Thursday.

What does this mean?

As motorists everywhere know, a Porsche can turn heads like nothing else – a principle that also seems to hold true for shares. With stocks in a never-ending slump, and initial public offerings (IPOs) in Europe raising paltry sums that recall the dark days of ‘09, it looks like a bad time for new stock market listings. But not if you’re Porsche. When Volkswagen listed a 12.5% stake in the sports car company on Thursday, investors didn’t hold back: demand was so strong that shares hit the top of the in

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