Stock market launch set to value the company in the multi-billions
If you already thought Ferrai was a public company, you’re not the only one. The luxury car maker is one of the world’s best-known brands and responsible for nine out of the 10 most valuable cars ever sold at auction.
But it seems the business, which is being spun off owner Fiat Chrysler, is set to make approximately $894m in shares in its first foray into the stock market.
Ferrari plans to offer 9% of the company – 17.2 million shares for $48-$52 each – valuing it at a maximum $9.82bn.
Thu, 12 Oct 2017