(AGI) Rome, July 23 - Ferrari has announced it will be listedon the American Stock Exchange, but remain based in Italy. FiatChrysler Automobiles said its subsidiary, New BusinessNetherlands N.V. (to become Ferrari N.V.), has registered tomake a public offer of common shares held by Fiat Chrysler. Itsaid: "The number of common shares to be offered and the pricerange for the proposed offering have not yet been determined,although the proposed offering is not expected to exceed 10percent of the outstanding common shares." Earlier this monthit said: "The separation of Ferrari from FCA does not and willnot entail a change in the tax residence of Ferrari. In fact,Ferrari will continue to be organised under Italian law and taxresident in Italy. Ferrari will pay Italian taxes on its incomeas all Italian tax resident corporations do." UBS InvestmentBank, Bank of America Merrill Lynch and Banco Santander areacting as joint holders for the offering and UBS InvestmentBank is acting as global coordinator. The registrationstatement relating to these securities has been filed with theSEC but has not yet become effective." No trading can takeplace until the registration statement comes into effect. Thechange "will not shift personnel from Ferrari, nor will itreduce employment levels or activities carried out by Ferrariin Italy," said the company.. .