|Bid||166.00 x 0|
|Ask||166.85 x 0|
|Day's range||166.35 - 174.75|
|52-week range||163.25 - 298.40|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Porsche Automobil Holding SE won the dismissal of lawsuits from hedge funds seeking about 5.4 billion euros ($5.3 billion) in damages they say they incurred during Porsche’s failed takeover of Volkswagen AG more than a decade ago.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMarjorie Taylor Greene’s Husband
Autoblog Editor-In-Chief Greg Migliore joins Yahoo Finance Live to discuss the Porsche trading debut in Frankfurt, how much capital the IPO has generated for Volkswagen, and automakers racing to develop the electric vehicle market.
The stock market finally broke out of its slump on Wednesday, but market participants appear disappointed with the lack of follow-through in premarket trading on Thursday. The bear market in stocks in 2022 has brought the initial public offering (IPO) market to a screeching halt, with a huge decline in the number of companies seeking to come public. Before getting to the details of the Porsche IPO, investors need to understand the players currently involved with the automaker in order to avoid confusion.