If you’re a U.S.-based investor interested in purchasing shares of the German automaker, the bad news is, 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 read: Here’s what to know about the Porsche IPO