Stock Photo - 29 September 2022, Hesse, Frankfurt/Main: Oliver Blume (r), Chairman of the Board of Management of Volkswagen AG and Porsche AG, and Lutz Meschke, Deputy Chairman of the Board of Management and Member of the Board of Management for Finance and IT, ring the bell at the IPO of Porsche AG on the Frankfurt Stock Exchange. With the IPO of its sports car subsidiary Porsche, Volkswagen raises almost 9.4 billion euros. Porsche AG's IPO is the largest initial public offering in Germany since Telekom in 1996. Photo: Boris Roessler/dpa. - Frankfurt/Main/Hesse/Germany

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