Porsche valued at up to $75bn in share sale

German car making giant Volkswagen has said it is aiming for a valuation of up to $75-billion for Porsche when the luxury brand is floated on the stock market.
Trading in the shares is due to start in Frankfurt on September 29.
A prospectus was published today, after which investors can subscribe to Porsche shares.
The share sale is set to be Germany's second-largest ever initial public offering.

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