Volkswagen shares up slightly on Porsche’s 70-75 billion euro valuation

Volkswagen shares gained marginally on Monday after the automaker said it hoped to value Porsche at up to 75 billion euros ($74.84 billion). Porsche’s strong brand and good operating profits are designed to entice investors.

The valuation revealed on Sunday of 70-75 billion euros is slightly below some investors’ expectations. The private and institutional subscription period is planned to last from September 20 to September 28, with shares available to private investors in Germany, Austria, Switzerland, France, Italy, and Spain.

Porsche AG shares have been contrasted to Ferrari, which has a market value of 38 billion euros but an operating margin of 24%. The German automaker is aiming for a 20% profit margin and is well ahead in electric vehicles.