- Porsche Automobil Holding SE POAHF has taken over its former parent company, Volkswagen AG VWAGYas Europe’s most valuable automaker.
- Shares in the newly listed luxury sports car maker have soared €93 on Thursday in Frankfurt.
- Go through the surge in stocks that Sports car brand has a market valuation of 85 billion euros, Reuters reportedovertake Volkswagen.
- also read: Porsche without brakes – shares rise at the Frankfurt IPO
- Volkswagen takes second place with 77.7 billion euros, third place is taken by by Mercedes-Benz Group AG MBGAF with a valuation of 57.2 billion euros.
- Porsche started trading in Frankfurt last week was after the IPO at a price of €82.50.
- Price promotion: POAHF shares trade 0.16% lower at $59.80 on the last check Thursday.
- Photo via company
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