EU Visitor Notice: This Website Uses Cookies

This website uses cookies to improve user experience, to provide analytical data to better serve our visitors, and to serve advertising to fund our operations. By using our website you consent to all cookies in accordance with our Privacy & Cookie Policy.

Your preference will be saved for 90 days, or until you clear your browser cookies.

Learn More

Ferrari to Become Ferrari N.V. with IPO

by Shane McGlaun
Ferrari to Become Ferrari N.V. with IPOzoom in

Earlier this month, I mentioned that Ferrari was planning to launch an IPO and become a publicly-owned company. We have more details on that move now, as Fiat Chrysler Automobiles, who has owned 90% of Ferrari since 1988, filed the paperwork with regulators for the IPO to happen. Along with the IPO will come a Ferrari name change. The new name is Ferrari N.V. and the stock will be sold on the New York Stock Exchange.

We aren’t sure at this point how many shares will be offered for sale and how much the shares will cost each. The IPO is expected to value the company at around $11 billion. What we do know is that only 10% of the shares available will be offered to the public.

Of the total shares available, 80% will be distributed to its current shareholders and 10% will remain with Piero Ferrari, son of Enzo Ferrari the company founder. The stock is predicted to sell out quickly when trading opens.

Home | About | Suggest | Contact | Team | Links | Privacy | Disclosure © 2013-2017 Awesomer Media

Awesome Stuff: The Awesomer | Gadgets, Games + Gizmos: Technabob