Jewelry-Shipper Ferrari Group Kicks Off Amsterdam IPO Plans
- Controlling Deiana family seeks to sell 25% stake in offering
- Firm is said to eye valuation of more than $1 billion
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Luxury logistics company Ferrari Group Plc announced plans to launch an initial public offering in Amsterdam, becoming one of Europe’s first companies to seek a listing this year.
The jewelry-shipper said the controlling Deiana family will sell a 25% stake in the IPO, according to a Monday statement. A valuation of more than $1 billion may be sought, Bloomberg reported on Sunday. The company isn’t related to automaker Ferrari NV.