Traton shares uplisted to MDAX on Frankfurt Stock Exchange
By Bradley Osborne - 26th June 2024
Germany – Traton SE, a subsidiary of the Volkswagen Group and parent of several commercial vehicle brands (including MAN, Navistar, and Scania) based in Munich, Bavaria, has been uplisted from the SDAX to the MDAX stock market index on the Frankfurt Stock Exchange as of 24 June, reflecting the growth of the corporation’s market capitalisation.
Traton made its initial public offering on the Frankfurt and Stockholm stock exchanges on 28 June 2019, and its shares have been listed on the SDAX since 23 September of the same year. Today, the group’s market capitalisation stands at EUR17bn. 500 million shares have been issued so far, of which 10.28% are free float shares. (The group’s remaining shares are held by Volkswagen.)
