Ferrari NYSE IPO

Overview:

• Ferrari went public when it listed its shares on the New York Stock Exchange at $52 per share.
• The offer was valued at $982.4 million.
• UBS Investment Bank and BofA Merrill Lynch led the underwriters.
• Before this IPO, Ferrari underwent a reorganization and established Ferrari N.V., a Dutch parent company.
• The IPO helped Ferrari separate from Fiat Chrysler Automobiles (FCA), its parent company at the time.

Rani Mehta - Journalist