Trade Porsche with SimpleFX and Buy Your Own Supercar

911 million stocks worth €75 billion are available for SimpleFX traders. You can buy and sell the legendary luxury car maker with up to 100x leverage. Invest crypto or fiat, grab a $2,500 entry bonus , multiply your funds, and buy yourself a Porsche Cayenne!

Porsche debuted on the Frankfurt Stock Exchange on September 29. And it was a great success. Opening at €84 per share, Porsche made history as the second biggest initial public offering ever in Germany (just after Deutsche Telekom in 1996) and the third largest in European history.

The stock soared to €86.76, but at this moment, investors decided to cash in their profits, and since then, Porsche (P911.DE) dropped below €83. The long-awaited IPO took place under challenging circumstances. The global economy is slowing down as geopolitical tensions grow. Germany is primarily in a difficult situation with a high inflation rate fueled by increasing energy prices, which hurts especially the manufacturing industry.

2022 was a bad year for stock exchange debuts. Rate hikes by the ECB and other central banks raise borrowing costs and slow down economic growth. Still, they seem to be necessary as inflation continues to gallop.

The brand was founded 91 years ago in Stuttgart by Ferdinand Porsche. Recently it was acquired by Volkswagen, which is worth €80 billion. VW directors point out that the current market instability is one of the reasons Porsche AG should be a successful stock, as fund managers are looking for stable and profitable companies. Luxury goods are also historically robust during the recession, as the superrich don’t cut their spending.

If you wonder whether Porsche deserves a higher capitalization than bigger automakers like Mercedes-Benz, worth around €58 billion despite producing and selling much more cars, the luxury segment is the answer. Take Ferrari, worth €33 billion, although, in 2021, it sold only 11,155. Porsche sold 300,000, which is 27 times more.

That’s why Porsche stocks stayed afloat while DAX40 was down 2.35% yesterday .

Another reason for Porsche to outperform the market is the dividend. In December, VW plans to hold a meeting for investors to propose distributing 49% of the total gross proceeds from the share sale as a special dividend to shareholders.

Porsche also has plans to develop electric vehicles, which are gaining popularity among sports car fans. Reuters reports that Volkswagen CEO Arno Antlitz claims the recent stock listing has helped raise funds to support the company’s shift towards electric vehicles.

The 911 million shares a reference to Porsche’s famous 911 model. It’s a symbol of wealth, and a Porsche is still a dream of many young people. The best way to achieve this goal is to trade with SimpleFX .