The Volkswagen subsidiary is pushing into the Dax.
(Photo: AP)
Frankfurt Now it’s official: almost three months after going public, the sports car manufacturer Porsche will be included in the Dax. Deutsche Börse announced this late Monday evening as part of its quarterly index review. The sporting goods manufacturer Puma has to make way for this. After the index change on December 19, it will be listed in the MDax of the 50 largest small caps.
Volkswagen only listed its subsidiary Porsche on September 29th. At EUR 9.4 billion, it was the largest IPO in Europe in eleven years.
Since the place in an index depends on the market value of the freely traded shares, Porsche was considered a Dax candidate from the outset. Since the IPO, the share has increased by around 30 percent to around 107 euros – which is why Porsche was no longer in the Dax.
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