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Investor Alert

Sept. 29, 2022, 1:01 p.m. EDT

Want to buy Porsche stock in the U.S.? It’s complicated.

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By Steve Goldstein

Porsche shares /zigman2/quotes/239252399/delayed DE:P911 -1.49% have traded higher on Thursday after a well-received initial public offering in Germany’s biggest new issue in decades.

If you’re a U.S.-based investor interested in purchasing shares of the German automobile maker, the bad news is that there’s no offering on the New York Stock Exchange or the Nasdaq.

But U.S.-based brokerages do offer the ability for investors to buy stocks on foreign exchanges, such as the Frankfurt exchange, where Porsche shares trade. These trades are harder to place and typically carry extra fees.

Charles Schwab, for example, doesn’t allow such trades online but does permit them through a broker. Fidelity doesn’t allow U.S. investors to buy foreign stocks on margin, bars short sales and limits order instructions.

Also, there is an over-the-counter offer of Porsche Automobil Holding /zigman2/quotes/208338327/delayed POAHY +0.16% . That investment vehicle now holds a 25% stake in Porsche, plus some 53% of Volkswagen /zigman2/quotes/203434344/delayed XE:VOW3 +1.31% /zigman2/quotes/210463125/delayed VWAPY +1.03% .

Also read: Here’s what to know about the Porsche IPO

/zigman2/quotes/239252399/delayed
DE : Germany: Frankfurt
106.05
-1.60 -1.49%
Volume: 2,031
Dec. 5, 2022 11:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€75.16 billion
Rev. per Employee
€895,718
loading...
/zigman2/quotes/208338327/delayed
US : U.S.: OTC
$ 6.12
+0.01 +0.16%
Volume: 819,414
Dec. 5, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
5.60%
Market Cap
$18.74 billion
Rev. per Employee
N/A
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/zigman2/quotes/203434344/delayed
XE : Germany: Xetra
140.84
+1.82 +1.31%
Volume: 1.07M
Dec. 5, 2022 6:30p
P/E Ratio
4.35
Dividend Yield
5.37%
Market Cap
€82.95 billion
Rev. per Employee
€396,258
loading...
/zigman2/quotes/210463125/delayed
US : U.S.: OTC
$ 14.76
+0.15 +1.03%
Volume: 349,776
Dec. 5, 2022 3:59p
P/E Ratio
4.14
Dividend Yield
3.62%
Market Cap
$86.88 billion
Rev. per Employee
$428,488
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