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Can’t afford a Porsche? Now you can buy a share.
911 million shares of Porsche (get it!) are now being traded in Frankfurt after parent company Volkswagen carved off a 12.5 percent slice of the iconic brand for public ownership. The Porsche IPO is expected to be one of the largest in European history. Shares are currently trading at €84 adding about €75 billion to VW’s coffers. Not bad for a day’s work.
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