Ferrari debuts on the stock market: price set at 52 dollars per share

Il Big Day it has arrived for Ferrari. The Prancing Horse, which will run on the stock exchange with its code name Race, he did the upor official debut on Wall Street right in the week of the United States Grand Prix, which will take place in Austin this weekend. Ferrari's IPO (initial public offering) sold like hot cakes, so much so that the high interest from investors led to setting the price at dollars 52 per share. 18.8 million securities were put up for sale, which are therefore worth precisely 977.6 million dollars.

To best prepare the Red Team for its debut on Wall Street, just in recent weeks, Sergio Marchionne had carried out a promotional trip in different American cities looking for potential investors. The Prancing Horse has decided, for the moment, to put it up for sale a small part of its shares with 80% of the Ferrari capital within FCA which will be distributed to the shareholders, while the remaining 10% will still remain in the hands of Piero Ferrari, Drake's son, who has widely implied that he does not want to give up his stake .

Ferrari's entry into the stock market is certainly expected with apprehension and trust by the top management of FCA who, precisely by focusing on one of the most famous brands in the world in the field ofautomotive, they expect excellent results from the first quotations. According to the first rumors, however, Sergio Marchionne's goal is to focus on the Ferrari brand to attract new investorsi, make cash and give the assault on General Motors, the Italian-Canadian manager's most coveted prey.

Eleonora Ottonello