Company – Porsche included in Dax – Economy

The sports car manufacturer Porsche was included in the Dax on Monday morning and started out as the biggest gainer with an increase of almost three percent. The quick entry into the Dax makes Porsche “happy and proud,” said CEO Oliver Blume, according to a statement. Investors worldwide are convinced of the company’s business model. The Volkswagen subsidiary from Stuttgart went public at the end of September. After years of speculation and months of testing, Volkswagen raised almost 9.4 billion euros with the IPO. It was the largest first issue in Germany since Telekom in 1996.

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