The German Stock Market announced that Porsche would gain admission to the German stock index (DAX) on 19 December 2023 under its 'fast entry' rules. The key criterion for a fast entry is the free-float market capitalisation, which is based on the total value of all a company's shares of stock.
Preferred shares of Porsche have been traded on the regulated market of the Frankfurt Stock Exchange (Prime Standard) since 29 September 2022.
The share price had risen by 14% to $135.59 by the close of trading on 16 December 2022 By the close of trading on 16 December 2022, the share price had risen by 14% to $135.59. The total market capitalisation on 16 December 2022 was $128.1 billion. Porsche is also included in the MSCI and STOXX indices.
Prior to the IPO, some 170,000 private investors had placed buy orders for Porsche stock, of which more than a third subscribed for fewer than 10 share units.
For the full year 2022, Porsche expects an operating group return on sales in the range of 17% to 18%. The medium-term target is in a range of approximately 17% to 19%. The long-term ambition of Porsche is to achieve Group return on sales of more than 20%.
Preferred shares of Porsche have been traded on the regulated market of the Frankfurt Stock Exchange (Prime Standard) since 29 September 2022.
Prior to the IPO, some 170,000 private investors had placed buy orders for Porsche stock, of which more than a third subscribed for fewer than 10 share units.
For the full year 2022, Porsche expects an operating group return on sales in the range of 17% to 18%. The medium-term target is in a range of approximately 17% to 19%. The long-term ambition of Porsche is to achieve Group return on sales of more than 20%.
