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October 12, 2015

Always wanted a Ferrari?

Soon you could have your chance to own an entire piece of the manufacturer itself as it prepares to float on the US stock exchange in an initial public offering (IPO) that could potentially value the company at $US9.8bn, raising $US893m (based on a projected share price of $US48-$US52 per share) when it starts trading October 21st 2015.

Owned by Fiat Chrysler, the IPO represents the sale of 10% of the company with 80% going to existing shareholders and the remaining 10% being held by the Ferrari family.

Ferrari generated €2.76bn in revenue last year, an increase of 18 per cent from 2013. Net income rose 11 per cent to €265m off the back of a restricted production run of 7,000 vehicles per year nationally. 

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