View Full Version : Ferrari files for an IPO that could raise over $1.0 billion

07-23-2015, 12:11 PM
By Renaissance Capital (http://www.nasdaq.com/author/renaissance-capital), July 23, 2015, 09:21:29 AM EDT

Ferrari, the Italian luxury sports car manufacturer spun out of Fiat Chrysler, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise more than $1.0 billion.

The Maranello, Italy-based company, booked 2.8 billion in sales for the 12 months ended March 31, 2015, plans to list on the NYSE. It has not selected a ticker. UBS Investment Bank, BofA Merrill Lynch and Santander are the joint bookrunners on the deal. No pricing terms were disclosed.

Now this will be worth getting into...

http://www.nasdaq.com/article/start-your-engines-ferrari-files-for-an-ipo-that-could-raise-over-10-billion-cm499767 (http://www.nasdaq.com/article/start-your-engines-ferrari-files-for-an-ipo-that-could-raise-over-10-billion-cm499767)

07-23-2015, 04:13 PM
That might well be worth paying attention to.

07-26-2015, 10:25 AM
An IPO is expected in early 2016. (http://www.usatoday.com/story/money/2015/07/23/ferrari-files-documents-sell-stock-public/30560119/)

07-27-2015, 04:27 AM
An IPO is expected in early 2016. (http://www.usatoday.com/story/money/2015/07/23/ferrari-files-documents-sell-stock-public/30560119/)

They produce less then 10k cars a year, yet make a huge profit.

10-17-2015, 05:40 PM
Looks like they changed plans and are going IPO next week!

NYSE Symbol is: RACE (http://www.iposcoop.com/ipo/new-business-netherlands-n-v-ferrari-n-v/)
Pricing: $48-$52 a share
Date: Wednesday, 10/21/2015

10-21-2015, 10:49 AM
Nothing too spectacular this morning.

Open at 60. Last price 56 and change. Meh.

12-06-2015, 08:13 PM
Not a real screamer is it 48 and change.