NEWS

Italian luxury sportscar maker Ferrari files for U.S. IPO

Friday, Jul 24, 2015

Italian luxury sportscar maker Ferrari NV filed with U.S. regulators for an initial public offering of its common stock.

The company is being spun off from Fiat Chrysler Automobiles NV .

UBS Investment Bank, BofA Merrill Lynch and Santander are underwriting the IPO, the company said in a filing with the U.S. Securities and Exchange Commission on Thursday. (1.usa.gov/1IfB1vn)

The filing did not reveal how many shares the company planned to sell or their expected price.

Ferrari intends to list its common stock on the New York Stock Exchange. The company set a nominal fundraising target of $100 million.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

 

reuters.com

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