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Porsche to go 'full throttle' with blockbuster IPO
One of Europe's biggest listings in years
29 September, 13:20
(ANSA-AFP) - FRANKFURT, SEP 29 - Luxury sports carmaker
Porsche will debut on the Frankfurt stock exchange Thursday in
one of Europe's biggest listings in years, hoping its brand
power can attract investors despite market turbulence. Even as
stocks worldwide suffer from surging inflation and mounting
recession fears, the maker of the 911 sports car is pushing
ahead with the blockbuster flotation. The initial public
offering (IPO) has generated buzz in Porsche's home market of
Germany, where top tabloid Bild described it as "crazy, cool,
fast-paced". "On Thursday, sports car icon Porsche goes full
throttle and races onto the stock market," read a column in the
paper. (ANSA-AFP).
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