Daimler Truck shares open at €28 in Frankfurt debut

Friday, 10. December 2021 09:20

Shares of Daimler Truck opened at €28 on Friday as the company made its debut on the Frankfurt Stock Exchange.

"This is probably the most important milestone in the company's history. In the future, investors will have the opportunity to invest directly in the shares of one of the world's largest commercial vehicle manufacturers," Daimler Truck said in a statement on its first trading day.

In November, Daimler announced it will spin off its truck unit, making it the biggest truck producer in the world.

Meanwhile, shares of Daimler AG plunged 17.6% to €71.01 at 9:21 am CET.

Related Links: Mercedes-Benz GroupDaimler Truck Holding AG
Author:
Baha Breaking the News (BBN) / NP