Porsche included in the German Share Index (DAX) just 3 months after IPO

Monday 19 December is another day to be written down in Porsche History books. Porsche AG moved up to the German Share Index (DAX) at the Frankfurt Stock Exchange today. 

Porsche’s inclusion in the leading index comes just three months after its IPO on 29 September. The decisive criterion for ‘fast entry’ is the market capitalization of the free float. The DAX lists the 40 largest German stocks in terms of market capitalization and revenue on the Regulated Market of the Frankfurt Stock Exchange.

Lutz Meschke
Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board, Finance and IT

Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG, is pleased about the direct leap into the DAX: “Our fast entry into the DAX underscores two things. First: our business model is robust and attractive to investors, even in a challenging environment. Second: our definition of modern luxury is convincing, in focusing on sustainability and in assuming social responsibility. Our leap into Germany’s top 40 is the result of our hard work over the past years. My special thanks go to all my colleagues at Porsche. This success is the success of the entire team.”

 

Edited Porsche Press Release 
Pictures courtesy Porsche AG