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Home Headlines CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange
2022 09 29T074335Z 1 LYNXMPEI8S0BU RTROPTP 4 GERMANY PORSCHE IPO

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

by Uma Rajagopal
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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 could succeed in challenging market circumstances.

 

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

 

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Uma Rajagopal

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.