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2022 09 29T074335Z 1 LYNXMPEI8S0BU RTROPTP 4 GERMANY PORSCHE IPO - Business Express
Oliver Blume, CEO of German car manufacturer Porsche, and CFO Lutz Meschke ring the opening bell during Porsche's IPO in Frankfurt, Germany, September 29, 2022. REUTERS/Kai Pfaffenbach
Headlines

CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange


FRANKFURT (Reuters) – Porsche AG Chief Executive Oliver Blume rang the bell and hugged colleagues on what he called the “historic moment” of the luxury car brand listing on Thursday after Germany’s biggest initial public offering (IPO) in more than 25 years.

Porsche Chief Financial Officer Lutz Meschke added that the company had proven it could succeed in challenging market circumstances.

 

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(Reporting by Victoria Waldersee; writing by Matthias Williams; Editing by Miranda Murray)

 

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