Ferrari files for an IPO that could raise over $1.0 billion

[SarasotaRepub]

By 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

[Retread]

That might well be worth paying attention to.

[SarasotaRepub]

An IPO is expected in early 2016.

[RobJohnson]

An IPO is expected in early 2016.

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

[SarasotaRepub]

Looks like they changed plans and are going IPO next week!

NYSE Symbol is: RACE
Pricing: $48-$52 a share
Date: Wednesday, 10/21/2015

[SarasotaRepub]

Nothing too spectacular this morning.

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

[Retread]

Not a real screamer is it 48 and change.