Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros
Oliver Blume (R), CEO of German car producer Porsche AG, and Lutz Meschke, member of the Porsche management board, ring the bell to launch the company's initial public offering (IPO) at the Frankfurt Stock Exchange in Frankfurt am Main, western Germany, on September 29, 2022. Image: Daniel ROLAND / AFP