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Ferrari stock coming


Gilligan740
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"Fiat Chrysler announced this morning that it'll be spinning off Ferrari, the storied Italian sports car maker responsible for some of the most outrageous vehicles ever made. Fellow Italian car company Fiat — which took full control of Chrysler earlier this year — first bought an interest in Ferrari some 45 years ago, an interest it has owned ever since. (Piero Ferrari, son of founder Enzo, still owns a minority stake.) The new company will offer its own publicly traded shares — 90 percent of them will go to existing Fiat Chrysler shareholders, while another 10 percent will go to market."

 

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  • 11 months later...

Will be interesting to see how well it does the first year, stock symbol is " RACE " really?

 

Any one have predictions?

 

 

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