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Ferrari IPO zooms on to Wall Street

Discussion in 'Market News' started by Lily, Oct 21, 2015.

  1. Lily

    Lily Forum Member

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    Luxury sports carmaker lists on New Yorks Stock Exchange with company valued at around $10bn

    Shares in Ferrari will make their debut on Wall Street on Wednesday, after demand from investors saw them priced at the top end of expectations.

    The group’s initial public offering raised $893m (£579m) on Tuesday, valuing the company at almost $10bn, as enthusiasts snapped up the shares alongside institutional investors.

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