Porsche Ranks First As The World?s Most Valuable Brand
The Stungart-based sports car manufacture's recent IPO paves the way for a promising future.
The post Porsche Ranks First As The World?s Most Valuable Brand appeared first on LUXUO.
Porsche 911 GT3 RS, 2022.
For German carmaker Porsche, its IPO debut on 29 September 2022 at the Frankfurt Stock Exchange was a momentous day as it ushered in a “new era with increased entrepreneurial flexibility”, according to the press release by the marque. The day also saw a new record in Europe as the car brand now holds the largest IPO by market capitalisation of around ?78 billion.
On the first day of trading, the shares of Porsche were offered at ?82.50 per share and by 6 October 2022, prices rose to ?93, corresponding to a total market value of ?85 billion. Compared to its ex-parent company Volkswagen’s market capitalisation of ?77.7 billion, the sportscar maker finishes first to be Europe’s most valuable brand. Further adding to the prestige is the marque retaining its position as the world’s valuable luxury brand, according to Brand Finance, a leading brand valuation consultancy.
From left: Lutz Meschke, Deputy Chairman of the Executive Board and Oliver Blume, Chairman of the Executive Board.
READ MORE: Race Away ? Street-Cred Cars Of Their F1 Marques
Speaking more about the successful IPO, Oliver Blume, chairman of the executive board of Porsche AG, said, “Making our customers’ dreams come true is what drives us. Today, a big dr...
The post Porsche Ranks First As The World?s Most Valuable Brand appeared first on LUXUO.
Porsche 911 GT3 RS, 2022.
For German carmaker Porsche, its IPO debut on 29 September 2022 at the Frankfurt Stock Exchange was a momentous day as it ushered in a “new era with increased entrepreneurial flexibility”, according to the press release by the marque. The day also saw a new record in Europe as the car brand now holds the largest IPO by market capitalisation of around ?78 billion.
On the first day of trading, the shares of Porsche were offered at ?82.50 per share and by 6 October 2022, prices rose to ?93, corresponding to a total market value of ?85 billion. Compared to its ex-parent company Volkswagen’s market capitalisation of ?77.7 billion, the sportscar maker finishes first to be Europe’s most valuable brand. Further adding to the prestige is the marque retaining its position as the world’s valuable luxury brand, according to Brand Finance, a leading brand valuation consultancy.
From left: Lutz Meschke, Deputy Chairman of the Executive Board and Oliver Blume, Chairman of the Executive Board.
READ MORE: Race Away ? Street-Cred Cars Of Their F1 Marques
Speaking more about the successful IPO, Oliver Blume, chairman of the executive board of Porsche AG, said, “Making our customers’ dreams come true is what drives us. Today, a big dr...
-------------------------------- |
|
Ferruccio Rossi Appointed CEO of Sanlorenzo Monaco Group
18-05-2024 04:04 - (
luxury )