As Porsche’s newly-listed shares sped higher, the sportscar maker overtook its former parent Volkswagen as Europe's most valuable automaker
"Inflation data from Europe and the United States, recent worries over energy supply in Europe and the escalation of the war in Ukraine last Thursday led to fluctuations which made small-scale stabilisation measures necessary," a spokesperson for Volkswagen said.Cars of German manufacturer Porsche are parked outside the stock exchange prior to Porsche's IPO in Frankfurt, Germany, September 29, 2022.
Overall, up to 14.85 million shares worth 1.2 billion euros are available via the greenshoe option in the four weeks after the offering as a stabilisation measure.acquired the shares for between 81 - 82.50 euros, compared to the original issue price of 82.50, it said in a statement on Wednesday.
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