STUTTGART: Porsche AG gained during its robust trading debut after parent Volkswagen AG (VW) set the final listing price for the sports-car maker at the upper limit in a bid to defy deep market upheaval.
The sports-car maker rose 1.8% to €84 (US$82 or RM377) in Frankfurt on the open, before slipping back to its offer price of 82.50 (RM370) a piece, the top end of VW’s initial range for the shares that valued the company at €75bil (RM337bil).
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