Porsche to make market debut on Thursday, expects to raise €9.4 bn

Porsche shares will list on Frankfurt Stock Exchange on Thursday after Volkswagen priced shares at the top-end of the announced range of €76.50-€82.50. The carmaker expects to raise around €9.4 billion. The share sale is set to be Germany's second-largest ever IPO and comes at a time when there have been no other share sales because of unstable European markets.