What is the price of Ferrari IPO?
Fiat Chrysler Automobiles N. V. NYSE: FCAU/MI: FCA) (FCA) and its subsidiary Ferrari N. V. Ferrari) announce today the pricing of Ferrari’s initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893. The initial public offering of common shares of Ferrari N. V. Ferrari”) occurred on October 21st, 2015 at USD 52 per common share (IPO price range: USD 48 – 52 per common share) on the New York Stock Exchange (“NYSE”) operated by NYSE Euronext.
Is Ferrari a good long-term investment?
Key Points Ferrari keeps its vehicles exclusive by producing just 1,000 of each model annually. Its operating margin is around 30%, flying high above the rest of the industry. Ferrari looks like a good long-term investment, but it may not set you up for life. Key Points. Ferrari keeps its vehicles exclusive by producing just 1,000 of each model annually. Its operating margin is around 30%, flying high above the rest of the industry. Ferrari looks like a good long-term investment, but it may not set you up for life.As compared to other exotic car brands, Ferraris tend to hold their value well. Studies have shown that many Ferrari models depreciate at a slower rate than other exotic cars of the same caliber. While some depreciation is expected in the first decade, most models stop depreciating after about 10 years.More than 90% of all Ferraris ever produced are still on the road and working. Ferrari has produced more than 300,000 vehicles since 1947, and an astonishing majority remain in working condition.
Who owns the $70 million Ferrari?
Classic Motors For Sale In 2018, Chassis 4153 GT, a 1963 Ferrari 250 GTO, was sold in a private transaction for a staggering $70 million, setting the record for the most expensive classic car ever sold. The buyer? David MacNeil, the founder and CEO of WeatherTech, the premium automotive accessories company. This particular GTO broke all records set by any Ferrari in the past selling for $70 Million to Ferrari collector and founder of WeatherTech, David McNeil in 2018. This 1963 GTO was raced by its previous owner winning the 1964 Tour de France and coming 4 th in the 24 hours of Le Mans.
When did Ferrari go to IPO?
The initial public offering of common shares of Ferrari N. V. Ferrari”) occurred on October 21st, 2015 at USD 52 per common share (IPO price range: USD 48 – 52 per common share) on the New York Stock Exchange (“NYSE”) operated by NYSE Euronext. Fiat Chrysler Automobiles N. V. NYSE: FCAU/MI: FCA) (FCA) and its subsidiary Ferrari N. V. Ferrari”) announce today the pricing of Ferrari’s initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893.