Porsche Stock Rises After IPO Raises $9.2 Billion


rose about 4% Thursday to €86 a share in the stock’s trading debut on the Frankfurt stock exchange. The much anticipated


initial public offering raised about €9.4 billion ($9.2 billion), making it the biggest European offering in more than a decade.  


-owned Porsche priced its IPO at €82.50 ($80.30), the top of its €76.50 to €82.50 price range, according to a statement. Volkswagen sold a total of 113,875,000 shares. 

Source: https://www.barrons.com/articles/porsche-ipo-stock-price-51664405452?siteid=yhoof2&yptr=yahoo