Ferrari revs up for Wall Street stock launch
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Ferrari revs up for Wall Street stock launch
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Ferrari revs up for Wall Street stock launch

(AGI) Washington, Oct 19 - Ferrari is revving up for its launchon Wall Street on Wednesday. The IPO is expected to close onMonday at 4 p.m., with the pricing on Tuesday. There are nomore places on the starting grid, at least according to pressreports that the shares are overbooked. FCA will put 10 percentof Maranello's capital on the NYSE under the name of RACE,chosen by CEO Sergio Marchionne, "because RED wasn'tavailable". The price range is between 48 and 52 U.S. dollarsper share. "We're not mistaken about Ferrari," assured theCanadian CEO, who
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(AGI) Washington, Oct 19 - Ferrari is revving up for its launchon Wall Street on Wednesday. The IPO is expected to close onMonday at 4 p.m., with the pricing on Tuesday. There are nomore places on the starting grid, at least according to pressreports that the shares are overbooked. FCA will put 10 percentof Maranello's capital on the NYSE under the name of RACE,chosen by CEO Sergio Marchionne, "because RED wasn'tavailable". The price range is between 48 and 52 U.S. dollarsper share. "We're not mistaken about Ferrari," assured theCanadian CEO, who personally conducted the road show withinvestors, which will include two other stops in Californiabefore the pricing. (AGI). .

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