© Reuters. Oliver Blume, CEO of German car manufacturer Porsche, and CFO Lutz Meschke ring the opening bell during Porsche’s IPO in Frankfurt, Germany, September 29, 2022. REUTERS/Kai Pfaffenbach
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.
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