On Thursday, Porsche surpassed its old parent Volkswagen (VLKAF) to become
the most valuable manufacturer in Europe as the price of the sportscar maker's newly-listed shares soared.
Porsche shares, which had dropped to 81 euros on Monday in line with a broader market decline,
Porsche's worth has now surpassed Volkswagen's by 77.7 billion euros ($76.6 billion). Among European automakers, Mercedes-Benz comes in third place, followed by Stellantis and BMW (BMWYY).
After investment banks engaged in the flotation of Porsche bought about 3.8 million shares for 312.8 million euros ($308 million) as part
the so-called greenshoe option, intended to support the listing, Porsche's share price picked up steam.