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Ferrari IPO Generated $982 Million
Last week’s sale of 1.72 million shares in Ferrari SpA generated gross proceeds of $982 million, according to owner Fiat Chrysler Automobiles NV.
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As expected, last week’s sale of 1.72 million shares in Ferrari SpA generated gross proceeds of $982 million, according to owner Fiat Chrysler Automobiles NV. FCA closed the initial pubic offering on Monday.
The 10% of Ferrari sold at $52 per share when trading began on Oct. 21. FCA plans to distribute 80% of shares in the iconic supercar maker to FCA shareholders early next year. The remaining 10% will he retained by Pietro Ferrari, son of the founder.
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