Volkswagen Targets 70-75 Billion Euro Valuation in Planned Porsche IPO

Volkswagen would value its preferred shares at between 70 and 75 billion euros

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Volkswagen and Porsche SE made a deal earlier in September that Porsche SE would receive 25% of the sports car brand

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911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million common shares as part of the listing

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If the IPO goes through, Volkswagen will summon an extraordinary shareholder and propose to distribute 49% of the total as a dividend to shareholders

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