Ferrari steers away with $10bn IPO offering

Posted on 12 Oct 2015 by Callum Bentley
More than 2000 Ferrari cars have been recalled due to air bag issues. Image courtesy of Ferrari.

Ferrari's parent company, Fiat Chrysler Automobiles (FCA), has today announced that Ferrari will launch its initial public offering (IPO).

FCA, currently holding a 90% of Ferrari’s issued and outstanding share capital, intends to sell 17,175,000 common shares of Ferrari. The initial public offering price is currently expected to be between $48 and $52 per share, and the shares will trade under the symbol, “RACE”. Ferrari has applied to list its common shares on the…

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