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How to buy Porsche (P911) stock

Here's everything we know so far about the Porsche IPO.

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Sep 29, 2022: Porsche has successfully listed on the Frankfurt Stock Exchange, ringing the bell this morning. Porsche had an offer price of €82.50 per share (£72). It has been valued at €78 billion, making this IPO Europe’s largest by market capitalization. You’re now able to buy Porsche shares by searching for the ticker P911.

Sep 19, 2022: Porsche stock has been priced between €76.50 and €82.50. Analysts expect the company IPO to raise up to €75 billion.

Sep 15, 2022: Mediobanca, which helped Ferrari and Salvatore Ferragamo go public, will be Porsche’s Financial Adviser for the IPO. Even though Porsche vehicles range from luxurious to more affordable, the company is reportedly hoping to be valued as a luxury business.

Sep 8, 2022: The Porsche IPO is expected to be one of the largest ever in Germany. The company is expected to go public at the end of September or start of October.

Aug 31, 2022: Porsche is planning to go public in September and is targeting a valuation of up to $85 billion (£73.1 billion). The number of stock pre-orders reportedly outnumbers the amount of stock being offered.

Dec 9, 2021: Reuters reports that Porsche AG may go public in 2022 with a valuation of between £45 billion to £90 billion euros ($120 billion CAD).

Luxury vehicle manufacturer, Porsche, has gone public on the Frankfurt Stock Exchange in an effort to boost the valuation of its parent company, Volkswagen Group. Here's what we know about the IPO and how to buy Porsche stock.

Video: What we know about the Porsche IPO

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What we know about the Porsche IPO

German-based luxury vehicle manufacturer, Porsche AG, began trading on the Frankfurt Stock Exchange on Thursday September 29, 2022 under the ticker symbol "P911."

Stocks reached a high of €86.78 on opening day. This was higher than the previously announced price of around €82.50, which valued the company at €75 billion (approx. US$73.5 billion).

Parent company, Volkswagen, is the biggest shareholder. The stocks issued in this IPO do not come with voting rights. Porsche stock also trades on OTC Markets under the ticker symbol "POAHY."

The company filed a prospectus on September 19, 2022. We'll update this page as more information becomes available.

Can I buy Posrche stock in the US?

Yes, there are 2 ways to buy Porsche stock in the US. The first option is to open a stock trading account with a platform that provides access to stocks sold on the Frankfurt Stock Exchange. Not many US-based trading platforms offer access to international exchanges, but Interactive Brokers does.

The second option is to buy Porsche stock on OTC Markets, a US-based decentralized exchange on which you can buy stocks that have been delisted from major exchanges like the Nasdaq and NYSE. Porsche stock is listed on OTC Markets under the ticker symbol “POAHY.”

Not all trading platforms provide access to OTC Markets, but some that do include TD Ameritrade, TradeStation, E-TRADE, Fidelity, Charles Schwab and Interactive Brokers.

How to buy shares in Porsche

Before you can invest in Porsche, you'll need to open a brokerage account.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – P911 – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Porsche can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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