Porsche valuation usurps former parent VW Group as most valuable automaker in Europe

A week after a successful public listing, ringing the bell at the Frankfurt Stock Exchange as Europe’s largest IPO by market capitalization, Porsche Group can add another title to its trophy case. Despite an initial fall earlier this week, Porsche’s shares rose on Thursday to give it a market valuation of €84 billion, thus overtaking its former parent company Volkswagen Group as the most valuable in Europe.

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Source: Charge Forward