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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Porsche shares rise on first trading day in €75bn stock market float

An electric Porsche Taycan is parked behind the bull statue in front of the stock exchange in Frankfurt, Germany.
An electric Porsche Taycan is parked behind the bull statue in front of the stock exchange in Frankfurt, Germany. Photograph: Michael Probst/AP

Porsche shares have risen on their first day of trading as the sports carmaker shrugged off a worsening global economy in a €75bn (£67bn) stock market float, the largest European listing for more than a decade.

The shares were issued at €82.50 on the Frankfurt stock exchange on Thursday, before rising in value to €86.30 by late morning.

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