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

Published by Uma Rajagopal

Posted on September 29, 2022

1 min read

· Last updated: February 4, 2026

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Porsche AG CEO Oliver Blume celebrates historic IPO listing on Frankfurt exchange - Global Banking & Finance Review
Porsche AG CEO Oliver Blume rings the bell at the Frankfurt exchange, marking a historic IPO. This event is a significant milestone for the luxury car brand, highlighting its success in a challenging market.
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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 […]

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.

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

Frequently Asked Questions

What is an IPO?
An IPO, or Initial Public Offering, is the process through which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors.
What is equity?
Equity represents ownership in a company, typically in the form of shares. Shareholders have a claim on the company's assets and earnings.
What is corporate governance?
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and fairness in its relationships with stakeholders.

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