Logistics Firm Ferrari Group’s IPO Seeks Up to €205 Million
- Jewelry courier set to start trading in Amsterdam on Feb. 13
- Controlling Deiana family is looking to sell 25% stake
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Luxury logistics company Ferrari Group Plc’s founding family is looking to raise about €205 million ($212 million) in an initial public offering in Amsterdam in one of the bourse’s first listings this year.
The jewelry-courier’s controlling Deiana family is offering about 22.8 million shares, the equivalent of a 25% stake, for €8 to €9 apiece, according to a statement on Thursday. A sale at this range would give the company an implied market value of as much as €822 million. The offering has gathered enough demand to cover the full size of the deal, according to a bookrunner message.