German automaker Volkswagen plans to IPO its subsidiary Porsche on September 29 and is aiming for a valuation between nearly 70 billion and 75 billion euros, the group announced on Sunday.
The indicative price of the offer will be between 76.50 and 82.50 euros per share, said in a press release the Volkswagen group, the world's second largest manufacturer which had given the green light to the IPO at the beginning of September on the Frankfurt Stock Exchange. from the manufacturer of the mythical 911.
