Ferrari Announce Its Shares Will Be Sold on the New York Stock Exchange

Own a piece of Ferrari.

Automotive
7,264 Hypes 0 Comments

Parent company of the luxury supercar manufacturer, Fiat-Chrysler, has announced that Ferrari will make its initial public offering (IPO) on the New York Stock Exchange (NYSE), as the company looks to raise funds for future investment. This will be the first step in a two-year plan set forth by Fiat-Chrysler, one that looks to entirely separate itself as a different entity in 2016. Additionally, the move will help Fiat-Chrysler conserve the prestige attached to its luxury subsidiary, worth a total of $7 billion USD, and help attract talent in the fields of technicians and managers, further establishing the company as the premiere supercar manufacturer. The company intends to offer 10% of Ferrari, and distribute the rest to current Fiat-Chrysler shareholders. For more information on the IPO, visit Forbes.

Read Full Article

What to Read Next

Kurt Cobain's 'The Last Session' Photoshoot Will Be Sold as NFTs
Arts

Kurt Cobain's 'The Last Session' Photoshoot Will Be Sold as NFTs

The photoshoot took place just a few months before Cobain’s death in 1994.

1016 Industries Debuts Its First-Ever Permanent 3D-Printed Body Kit for the Ferrari F8
Automotive

1016 Industries Debuts Its First-Ever Permanent 3D-Printed Body Kit for the Ferrari F8

One of the most comprehensive kits the company has ever produced.

Microsoft Will Be Announcing the Next Generation of Windows "Very Soon"
Tech

Microsoft Will Be Announcing the Next Generation of Windows "Very Soon"

A whole new UI is expected to come.


Ferrari Takes the Roof Off Its 986 HP Hybrid-Powered SF90 Stradale
Automotive

Ferrari Takes the Roof Off Its 986 HP Hybrid-Powered SF90 Stradale

The new Spider variant looks even better.

Hajime Sorayama "Sexy Robot" Standing Model
Design

Hajime Sorayama "Sexy Robot" Standing Model

The perfect addition to your man-cave.

Competitive Eating Champion Matt Stonie Eats 12 Pints of Ben & Jerry's Ice Cream
Food & Beverage

Competitive Eating Champion Matt Stonie Eats 12 Pints of Ben & Jerry's Ice Cream

Or, the calorie equivalent of 52 Big Macs.

PUMA Reports a €3.3 Million EUR Net Loss for the Second Quarter
Footwear

PUMA Reports a €3.3 Million EUR Net Loss for the Second Quarter

Not all bad news though…


Mlle Hipolyte Recreates a Tropical Jungle With Hand-Cut Paper
Arts

Mlle Hipolyte Recreates a Tropical Jungle With Hand-Cut Paper

Lush jungle forestry and tropical animals recreated with hand-cut paper pieces.

Andy Warhol x Medicom Toy "'60s Style" Bearbrick
Design

Andy Warhol x Medicom Toy "'60s Style" Bearbrick

Warhol’s impeccable style immortalized forever in Bearbrick form.

Future's 'Salute The Fans' LA Concert Was Cancelled After Crowd Shut Down Sunset Blvd
Music 

Future's 'Salute The Fans' LA Concert Was Cancelled After Crowd Shut Down Sunset Blvd

Instead of turning into one big block party, the L.A. set of Future’s free ‘Salute the Fans’ tour

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.