FRANKFURT, Germany: Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange on Thursday with one of Europe's biggest initial public offerings (IPOs) in years, leveraging its brand power to defy global market turmoil.
Its shares rose to 84 euros ($81) at the start of trading, bettering the 82.50-euro price set by its parent company Volkswagen and outperforming a weak Frankfurt market.
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