On Monday Porsche shares fell to 81 euros, 1.8% below the IPO pricing of 82.50 euros. At 1100 GMT they were trading at 81.48 euro per share, down 1.1%.
Volkswagen priced Porsche AG shares the top end of the indicated range, and raised 19.5 billion euros via the listing to fund the group's electrification drive.
The 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares, according to the website for the share placement.