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Porsche shares rise in Frankfurt market debut

CNBC LogoCNBC2 mo ago

Porsche shares rise in Frankfurt market debut - CNBC

Quick Summary:

The original range for the non-voting preferred shares was set between 76.50 euros and 82.50 euros in a prospectus released Sept.19.

Parent company Volkswagen is offering 911 million shares, a reference to Porsche's famous 911 model.

Shares of the iconic sports car brand initially traded at 84 euros ($81) on Thursday morning.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 07:40:18 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1120 (out of 3488 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 615537

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 20 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #5

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