The Ferrari IPO is now on its way and should take off on Friday. The 1 billion dollar placement for 10% of the capital, according to what was anticipated by the American TV channel CNBC, is ready to start the day after tomorrow and will end, together with the road show, next week. Despite the volatility of international markets and the Volkswagen scandal which has engulfed the automotive sector, the placement of the Prancing Horse is seen as
For the fixing of the price it will then be necessary to wait for the week of October 12, according to the news circulating from overseas, thus allowing the listing on Wall Street as soon as legal times allow. As Sergio Marchionne himself explained to FCA a year ago, on 13 October 2014, for the debut it was necessary for at least a year to pass according to US discipline.
The operation will be followed, in the first months of 2016, by the spin-off of Ferrari with the assignment of the remaining 80% in the hands of the FCA shareholders to the FCA shareholders and to the holders of the convertible bonds.
