capt_chaos Report post Posted July 23, 2015 http://www.bbc.co.uk/news/business-33635839 Italian sports car manufacturer Ferrari has applied to list its shares on the New York Stock Exchange. The company is being spun off from Fiat Chrysler Automobiles. The firm did not reveal the expected price range or number of the common shares. UBS Investment Bank, BofA Merrill Lynch and Santander are underwriting the flotation, the company said. Ferrari intends to list its common stock with a fundraising target of $100m The company was set up by former Alfa Romeo race car driver Enzo Ferrari in 1939, and produced its first car, the 125 S, in 1947. The symbol of the firm, a prancing horse - 'Cavallino Rampante' - was adopted by Ferrari after being used by an Italian World War 1 pilot, Francesco Baracca, who had it painted on the fuselage of his aircraft. The 'Ferarri red' was the colour assigned by the International Automobile Federation to all Italian grand prix cars early in the 20th century. In 1969, Mr Ferrari sold the Fiat Group a 50% stake in the company, which was increased to a 90% stake in 1988. Quote Share this post Link to post Share on other sites More sharing options...
Ag02M5 Report post Posted July 23, 2015 After working for a company that went private to public...I don't think this is a good thing for the culture of the company. Quote Share this post Link to post Share on other sites More sharing options...
capt_chaos Report post Posted July 23, 2015 Ff will be a SUV soon to panda to market share prices Quote Share this post Link to post Share on other sites More sharing options...
Ag02M5 Report post Posted July 23, 2015 Ff will be a SUV soon to panda to market share prices Yes but will that make them even more $$ than they do now. Quote Share this post Link to post Share on other sites More sharing options...
Fortis Report post Posted July 23, 2015 This is what I was imagining when I read the title Quote Share this post Link to post Share on other sites More sharing options...
dtrax Report post Posted July 23, 2015 After working for a company that went private to public...I don't think this is a good thing for the culture of the company. Being a US listed company is a real pain - quarterly reporting takes up far too much management time and is unnecessary imo - the rest of the world works fine with 6 monthly results Quote Share this post Link to post Share on other sites More sharing options...
E7ITE Report post Posted July 24, 2015 Does this clear the way for Jota to buy Ferrari? Quote Share this post Link to post Share on other sites More sharing options...
HannibalACP82 Report post Posted July 25, 2015 This is what I was imagining when I read the title From my time at Jin-Ha beach in Korea Quote Share this post Link to post Share on other sites More sharing options...
ts640 Report post Posted July 25, 2015 Ferrari is also going to open up a substantial amount of US dealers over the next few years. Quote Share this post Link to post Share on other sites More sharing options...
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