Sepoy-logo
No Result
View All Result
Wednesday, May 31, 2023
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home News

Porsche is promoted to the Dax

Nicholas by Nicholas
December 5, 2022
in News
0
Porsche is promoted to the Dax

READ ALSO

Kathleen Stock’s appearance at Oxford speech debate despite trans protests

The hydrogen that dreams are made of

Dhe Porsche AG will be listed in the Dax from December 19th. This was announced by Deutsche Börse late Monday evening. It makes use of its “Fast Entry” rule, according to which companies whose value has developed particularly well can also be included in the Dax outside of the usual two adjustment times in September and March.

Porsche achieved this impressively with a share price development from 82.50 euros at the IPO at the end of September to 105.70 euros on Monday evening. Porsche welcomed Deutsche Börse’s decision to be included in the leading German index. “We are very pleased about the quick, direct entry into the Dax,” said Lutz Meschke, deputy CEO of the car manufacturer and responsible for finance, in a statement.

The recording shows that Porsche’s business model is “robust and attractive for investors even in a challenging environment”. Porsche’s “definition of modern luxury” is convincing. Meschke, who has been on the Porsche board of directors for more than a decade, has been a driving force behind the IPO in recent years.

Only Tesla and Toyota are more valuable

Porsche’s return to the stock exchange floor was the second largest IPO in German economic history after Deutsche Telekom in 1996. The IPO is considered a great success, particularly in view of the difficult economic and geopolitical situation. In terms of market capitalization, Porsche is now the most valuable manufacturer in Europe. Worldwide, only Tesla and Toyota are ahead of the Stuttgart company.



The Porsche AG share should not be confused with the Porsche Automobil Holding SE preference share, which was and is in the Dax before Porsche AG. It has only 35 employees and their voting rights are 100 percent in the hands of the Porsche and Piech families. The holding company holds the majority stake in VW ordinary shares and, since Porsche AG went public, also a minority stake in Porsche AG shares of initially 17.5 percent, which is expected to increase to 25 percent plus one share in January.

For Porsche, Puma shares have to leave the Dax from December 19th. Puma had the lowest market value of all Dax shares in the relevant November ranking, based on the freely tradable shares in a company.

  • Daniel Mohr

  • Published/Updated:

  • ,



    Recommendations:

    24

  • Christian Müßgens and Gustav Theile

  • Published/Updated:

  • ,



    Recommendations:

    2

  • Published/Updated:



  • Recommendations:

    1

Puma will then be listed in the M-Dax, as will Verbio. After a very good performance in recent years, the biofuel manufacturer from Saxony-Anhalt has made the leap into the M-Dax. The battery manufacturer Varta and Deutsche Wohnen have to leave the index of the 50 medium-sized values.



Sue come into the S-Dax. Elmos Semiconductor SE and ADVA Optical Networking SE are also moving there. About You Holding SE, Instone Real Estate Group and Medios AG have to leave the S-Dax.

Tags: German Stock ExchangeISIN_DE0005810055ISIN_DE0008469008Lutz MeschkePorschePorsche AGTesla

Related Posts

Kathleen Stock’s appearance at Oxford speech debate despite trans protests
News

Kathleen Stock’s appearance at Oxford speech debate despite trans protests

May 31, 2023
The hydrogen that dreams are made of
News

The hydrogen that dreams are made of

May 31, 2023
Google boss: “Artificial intelligence is too important not to regulate it”
News

Google boss: “Artificial intelligence is too important not to regulate it”

May 31, 2023
Almost 10 million Germany tickets sold after one month
News

Almost 10 million Germany tickets sold after one month

May 31, 2023
Eight dollars a month: UN cuts food rations for Rohingya
News

Eight dollars a month: UN cuts food rations for Rohingya

May 30, 2023
“Risk of Extinction”: Sam Altman compares AI risks to nuclear wars
News

“Risk of Extinction”: Sam Altman compares AI risks to nuclear wars

May 30, 2023
Next Post
Dance of Death, drunk with love: Barrie Kosky stages “Turandot” in Amsterdam

Dance of Death, drunk with love: Barrie Kosky stages “Turandot” in Amsterdam

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Roblox Is Unbreakable Trello Is this safe?

Roblox Is Unbreakable Trello Is this safe?

November 4, 2022
Discord Registered Games  Discord Registered Gaming You need to join the Club

Discord Registered Games Discord Registered Gaming You need to join the Club

November 4, 2022
How To Chose the Right Data Analytics Program

How To Chose the Right Data Analytics Program

November 4, 2022
Chandrashekhar Guruji Wiki, Age, Girlfriend, Wife, Family, Biography & More

Chandrashekhar Guruji Wiki, Age, Girlfriend, Wife, Family, Biography & More

November 4, 2022
Heavy explosion on market square in Halle – three injured

Heavy explosion on market square in Halle – three injured

November 4, 2022

EDITOR'S PICK

Criticism of the news service: Prime Minister Stephan Weil will delete the Twitter account

Criticism of the news service: Prime Minister Stephan Weil will delete the Twitter account

December 5, 2022

Less Than Half of Parents Want COVID Vaccine for Youngest Kids

July 28, 2022

Ebay bargain: 5-in-1 air conditioner for 305 euros

June 2, 2022

PowerColor Radeon RX 6750 XT in the test: AMD’s new attack

May 10, 2022

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: [email protected]

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Binance is reviewing its organization: the cryptocurrency exchange will lay off part of its workforce
  • Color-changing materials hold promise for diverse scenarios in medical cold supply chains
  • Lush data package for long-term surfers – Monthly terminable 70 GB tariff at a special price of 19.99 euros

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net

x