{"id":7,"date":"2015-10-11T21:00:00","date_gmt":"2015-10-11T21:00:00","guid":{"rendered":"https:\/\/europeluxurycars.com\/luxuria\/blog_record\/ferrari-priced-in-at-9-8-billion\/"},"modified":"2024-12-27T15:29:02","modified_gmt":"2024-12-27T15:29:02","slug":"ferrari-priced-in-at-9-8-billion","status":"publish","type":"post","link":"https:\/\/europeluxurycars.com\/luxuria\/ferrari-priced-in-at-9-8-billion\/","title":{"rendered":"Ferrari Priced In at $9.8 Billion"},"content":{"rendered":"

The luxury Italian car manufacturer, Ferrari intends to list on the US stock market. In an initial public offering the company has been valued at $9.8 billion, where individual share price would range between $48 and $52.<\/p>\n

The decision to float the company on the US stock market has been made by Ferrari’s parent company, Fiat Chrysler Automobiles (FCA). Whereby they intend to sell up to 10% of Ferrari on the IPO in order to use the proceeds towards developing an ambitious turnaround plan that will boost the company’s global sales to 7 million cars by 2018. In effect this will make Ferrari more competitive against its rivals of BMW and Volkswagen.<\/p>\n

The share price range, which was announced this past Friday in the IPO prospectus, is still due to be consolidated by FCA Chief Executive and Ferrari Chairman Sergio Marchionne, who has evaluated the company at 10 billion euros (or $11.4 USD). In contrast, other analysts predicted the company’s net worth to be just half of what it has been assessed by the IPO.<\/p>\n

The prospectus indicated that Ferrari would offer 17.2 million shares to be made available in the IPO, which equates to about a 9% stake for the sports car marque. Along with a possible merge of Ferrari with the US General Motors to develop a cleaner and more “intelligent” car, an additional 1.7 million shares will be sold. Both ventures combined would comprise a 10% stake of the company and will raise up to $982 million.<\/p>\n

Ferrari expects to list on the New York Stock Exchange under the symbol “RACE”, paying homage to its Formula One racing team. The company’s listing on Wall Street is expected to make an appearance later this month. <\/p>\n","protected":false},"excerpt":{"rendered":"

The luxury Italian car manufacturer, Ferrari intends to list on the US stock market. In an initial public offering the company has been valued at $9.8 billion, where individual share price would range between $48 and $52. The decision to float the company on the US stock market has been made by Ferrari’s parent company,…<\/p>\n","protected":false},"author":1,"featured_media":1303,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[2],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"\nFerrari Priced In at $9.8 Billion - luxuria<\/title>\n<meta name=\"description\" content=\"In an initial public offering Ferrari has been valued at $9.8 billion, in a bid to list on the US stock market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/europeluxurycars.com\/luxuria\/ferrari-priced-in-at-9-8-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ferrari Priced In at $9.8 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