Pursuits
Ferrari to Be Valued at Up to $9.82 Billion in IPO
The Ferrari ‘Legend’ Sells Dream Not Cars
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Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles NV sells a 9 percent stake in the Italian supercar manufacturer.
The sale will consist of 17.2 million shares of Dutch holding company Ferrari NV at $48 to $52 each, according to a filing Friday with the U.S. Securities and Exchange Commission. The shares will trade on the New York Stock Exchange under the symbol RACE.