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Porsche has become the most valuable car manufacturer in Europe by market value
It took Porsche just a week after the IPO to overtake its parent company Volkswagen.
Agency Porsche it ranked first as the most valuable car manufacturer in Europe, surpassing its former parent company Volkswagenas the sports car maker’s share price soared. In this regard, on Thursday 6 October, he writes Reuters.
The publication noted that during the day the market value Porsche on the Frankfurt Stock Exchange reached 82.7 billion euros, while the capitalization Volkswagen amounted to 78.6 billion euros.
“Despite the fact that the shares Porsche On Monday they fell below their price due to a sharp decline in the markets, on Thursday they rose to 93 euros, giving the sports car brand a market valuation of 85 billion euros, and subsequently dropped to 91.04 euros. The company’s valuation is still significantly higher Volkswagen – just under 84 billion euros.
Price of the activity Porsche it rose after the investment banks involved in the offering bought nearly 3.8 million shares for € 312.8 million in a share offering agreement.
Volkswagen estimated at 77.7 billion euros, Mercedes-Benz in third place among European car manufacturers with € 57.2 billion, followed by BMW with € 47.5 billion and Stellantis with € 39.7 billion.
Porsche it is the fifth most valuable registered company in Germany after Linde, SAP, Deutsche Telekom And Siemensand the 25th most valuable title in Europe, ahead of Glencore.
Previously, the United States was evaluation of the manufacturability of cars.
Let’s remember this in 2021 Ukraine was ranked sixth in the ranking of countries where it is economically unprofitable to own a car ..
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