Home » News » Ferrari » Ferrari to be listed on New York Stock Exchange
Luca di Montezemolo was the one who disagreed with listing the Ferrari brand on the stock market, considering the brand an exclusive brand of FCA. Now Luca din Montezemolo left the company and Sergio Marchionne can do whatever he wants with the Prancing Horse. So, FCA announced that Ferrari has launched its initial public offering.

FCA, currently holding a 90 percent of Ferrari’s issued share capital, intends to sell 17,175,000 common shares of Ferrari, equal to approximately 9 percent of Ferrari’s common shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. 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 New York Stock Exchange. FCA expects to grant the underwriters with an option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA, equal to approximately 1 percent of Ferrari's shares.

After the IPO, FCA will own 80 percent of Ferrari (if underwriters exercise their option to purchase additional shares in full). Ferrari is not selling any shares and will not receive any proceeds from the sale of common shares by FCA. This offering is intended to be part of a series of transactions to separate Ferrari from FCA. 

Following completion of this offering, FCA expects to distribute its remaining 80 percent interest in Ferrari to FCA shareholders at the beginning of 2016.



Related Articles

Leave a Comment

Fields marked with * are required
Name *:
Email *:
Comment *:
Code *:
  CAPTCHA
  • Email
  • YouTube
  • RSS
  • Twitter
  • facebook
  • feedburner

Related Specs

  1. 1962 Ferrari 250 GT Bertone Berlinetta

    Engine: Tipo 168 V12, Power: 164.1 kw / 220 bhpN/A
  2. 1961 Ferrari 250 GT SWB Berlinetta Competizione

    Engine: Tipo 168B Colombo 60° V12, Power: 205.1 kw / 275 bhpN/A
  3. 1967 Ferrari 275 GTB/4 Daytona Prototype

    Engine: One-Of Tipo 243 V12 w/Dry Sump Lubrication, Twin Spark IgnitionN/AN/A
  4. 1990 Ferrari 348 Zagato Elaborazione

    Engine: V8, Power: 223.7 kw / 300.0 bhp @ 7000 rpm, Torque: 310.5 nm / 229.0 ft lbs @ 4000 rpm
  5. 1970 Ferrari 365 GTB/4 Daytona

    Engine: Water-Cooled V12, Power: 263.2 kw / 353.0 bhp @ 7500 rpm, Torque: 432.51 nm / 319.0 ft lbs @ 5000 rpm

New Vehicles

Hyundai i30 N Line starts at £21,255 in UKHyundai i30 N Line starts at £21,255 in UK
After a long wait, Hyundai is finally making the most of its new N Performance division. The South-Korean manufacturer has officially announced the pricing ...

Concept Cars

Volkswagen Atlas Cross Sport concept unveiled in New YorkVolkswagen Atlas Cross Sport concept unveiled in New York
After the recent launch of the new generation Touareg in China, during Beijing Motor Show, Volkswagen is crossing the Ocean with two new world premieres, ...

Custom Cars

2019 Chevrolet Silverado High Country concept2019 Chevrolet Silverado High Country concept
Chevrolet wants to show its clients how easily they can customise the current Silverado models. So it used this year State Fair of Texas to introduce ...

Future Cars

Polestar 1 Coupe first units producedPolestar 1 Coupe first units produced
We haven't heard nothing about Polestar in a while. But the Swedish brand established by Volvo and dedicated only to sports cars worked hard to offer ...

Market News

Mitsubishi Outlander PHEV reach record sales in SeptemberMitsubishi Outlander PHEV reach record sales in September
Mitsubishi hit the jackpot with the introduction of the Outlander PHEV, especially in the UK, where people love it. And the selling results for September ...

Gadgets

Volkswagen announces partnership with MicrosoftVolkswagen announces partnership with Microsoft
Volkswagen skipped this year Paris Motor Show, but announced a very important partnership with one of the biggest technology players in the world: Microsoft. ...

Various News

Mazda rotary engine will be used as a range extenderMazda rotary engine will be used as a range extender
Even though is one of the biggest fans of conventional engines, Mazda can't deny the hybrid and electric offensive of the auto industry. So it will have ...

Motorsports

BMW M235i Racing Cup gains Evo Pack and becomes M240i Racing CupBMW M235i Racing Cup gains Evo Pack and becomes M240i Racing Cup
A few years ago BMW has launch a special program for the VLN Endurance Championship at the Nürburgring. The German car manufacturer designed the a special ...

Videos

Ken Block launches Forza Horizon 4 with a special videoKen Block launches Forza Horizon 4 with a special video
In order to promote the launch of the new Forza Horizon 4 video game, Microsoft invited Ken Block in the UK. To be more precise, the American stunt man ...