What price did Ferrari IPO at?
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. Common shares of Ferrari are listed and can be traded under the ticker RACE on both the NYSE and Euronext Milan (previously named Mercato Telematico Azionario, “MTA”). For more information please see the “Stock Info” section. Exor N. V.
Is Ferrari a good stock to invest in?
Ferrari is one of the most consistently positively growing stocks. It almost never has a big downswing like this, tis the reason I asked. Every single projection for the stock is positive. They are not overvalued, they are not undervalued, they consistently have positive earnings reports, and they stay relevant. Result: OVERVALUED Our Discounted Cash Flow (DCF) analysis suggests Ferrari may be overvalued by 244. Discover 913 undervalued stocks or create your own screener to find better value opportunities. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Ferrari.
Is Ferrari traded on the NYSE?
Common shares of Ferrari are listed and can be traded under the ticker RACE on both the NYSE and Euronext Milan (previously named Mercato Telematico Azionario, “MTA”). 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.
Why has Ferrari stock dropped?
Including today’s decline, ferrari shares are down about 24% this year as earnings expectations have been revised lower and the stock has derated from last year’s highs. Shares of the italian luxury brand have fallen from levels above $500 in early october to below $400 more recently. For a stock that isn’t typically very volatile, a drop like this in ferrari stock is rare. Investors were spooked by the company’s new 2030 targets, which implied slower growth than many had anticipated.