|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.48 - 5.65|
|52-week range||5.48 - 11.02|
|Beta (5Y monthly)||1.62|
|PE ratio (TTM)||3.37|
|Forward dividend & yield||0.27 (4.57%)|
|Ex-dividend date||16 May 2022|
|1y target est||N/A|
Shares in sports car brand Porsche fell below its listing price on Monday, the third day of trading since its $72 billion listing by parent company Volkswagen. The closely watched initial public offering (IPO) was the largest listing in Germany in more than 25 years despite a backdrop of volatile global markets. On Monday Porsche shares fell to 81 euros, 1.8% below the IPO pricing of 82.50 euros.
(Bloomberg) -- Porsche AG stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG defied by going ahead with Europe’s biggest initial public offering in more than a decade.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Shipping SnarlsOPEC+ Set to Discuss 1 Million-Barrel Output Cut as Demand SlowsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansStocks Cli
In this podcast, Motley Fool analyst Dylan Lewis and Motley Fool senior analyst Tim Beyers discuss: Why Porsche is going public while other companies are holding off. Down rounds in the private markets.