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Porsche’s IPO Win Leaves US Listings in the Dust

A worker delivers drinks inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, following the Porshce AG initial public offering (IPO) in Frankfurt, Germany, on Thursday, Sept. 29, 2022. Photographer Alex Kraus/Bloomberg

A worker delivers drinks inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, following the Porshce AG initial public offering (IPO) in Frankfurt, Germany, on Thursday, Sept. 29, 2022. Photographer Alex Kraus/Bloomberg

Photographer: Alex Kraus/Bloomberg

Hi, it’s Mike Hytha in San Francisco and Swetha Gopinath in London today with a look at how Porsche’s IPO drives home the point that the US market has been left in the dust. We also bring you exclusive news on a developing software situation and some athlete-driven investments. 

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Porsche’s trading debut today delivered 9.4 billion euros of horsepower to European IPOs with Volkswagen pricing the shares at the top of a marketed range. Eking out out some gains on another red-ink day for stocks worldwide, the automaker’s return to the public market ranks as the listing headline of the year.