VW Group targets value for Porsche of up to $75B in IPO

Volkswagen Group is taking its Porsche subsidiary public via an initial public offering, and on Sunday confirmed the offer period will start Sept. 20 and run until an expected closing date eight days later. VW Group will price the shares at a range of 76.50 euros to 82.50 euros per share, which at the upper price limit will value Porsche at 75…