Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.