Before Christmas should Porsche AG
be included in the leading German index Dax. The sporting goods manufacturer will probably have to do this puma retire That is what the US bank J.P. Morgan and the investment bank Stifel Europe.
the German Stock Exchange will announce the new composition of the indices this Monday evening. Any changes will come into effect on Monday 19 December. The decisive factor for an index place is the average market capitalization of the shares in free float in the 20 trading days before the index decision.
As before, the shares are from the parent company Volkswagen The sports car manufacturer, which went public at the end of September, is a “clear climber”, as index expert Tom Koula from Stifel Europe says. In this way, Porsche AG meets Deutsche Börse’s “Fast Entry” criteria, which are more stringent than regular listings: the stock market value, based on the freely tradable shares, is easily sufficient at 11.8 billion euros. The issue price of the Porsche shares was EUR 82.50, and the share is now trading at EUR 106. VW’s major shareholder Porsche SE is already represented in the Dax.
The smallest Dax value has to descend for this, and that is puma
remained. Its market capitalization, which is based on free float, is only 4.9 billion euros and thus behind that of the online fashion retailer Zalando
and the power engineering company SiemensEnergy
. Until recently, Zalando was still considered at risk of relegation, but since Porsche’s IPO, the share has risen by more than 60 percent.
Further changes in the Dax are not expected in December. However, as soon as the industrial gases group linden tree
turns its back on the domestic stock exchange, just to get into the United States to be listed, could the armaments company and auto parts supplier Rheinmetall
got his long-awaited chance to join, says Koula. the Commerzbank
on the other hand, according to him, the admission criterion of a positive Ebitda two years in a row does not meet and will therefore be at a disadvantage.