StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Ferrari stock more popular than expected

by David Zatz on

Bloomberg has been told that Ferrari’s initial public stock offering (IPO) is oversubscribed as investors want more stock than is available.

Hamilton-LaFerrari-Web

The books close on Monday at 4 p.m. in all regions, two of the people said. Current owners of FCA stock will be assigned 80% of FCA’s Ferrari stock next year, with the rest sold off to raise money for expansion of Jeep, Maserati, and Alfa Romeo in a plan costing around US$55 billion.

Around 10% of the company — nearly 19 million shares — are to be sold at roughly $50 per share, under the ticker symbol RACE. Ferrari will include debt from Fiat Chrysler and is expected to be capitalized at $12 billion.  Another 10% of the company will be retained by Piero Ferrari.

Know & Go screens
Employees created new FCA US app—first available to Ram TRX

Newest Ram Built to Serve models honor the U.S. Air Force

Former Ram chief engineer Michael J. Cairns

More Mopar Car
and Truck News

Some popular Allpar pages





Dodge Demon

2018 Wrangler JL



Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.