The Online Investor
Manufacturing IPOs image Manufacturing IPOs » By The Online Investor Staff, updated Tue., Oct. 15, 11:03 PM
Recent initial public offerings in the Manufacturing IPOs category.

Slide #2. Ferrari N.V. Initial Public Offering

Company: Ferrari N.V.
Proposed Symbol: RACE
Shares Offered: 17,175,000
Price Per Share: $52.00
Over-Allotment: 1,717,150
Description: 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 $ 893.1 million ($ 982.4 million if the underwriters exercise the option described below in full). The shares are expected to begin trading on the New York Stock Exchange on Wednesday, October 21, 2015, under the symbol "RACE", and closing of the offering is expected to occur on October 26, 2015. In addition, the underwriters have a 30-day option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA. The offering is intended to be part of a series of transactions to separate Ferrari from FCA. Following completion of this offering, FCA expects to distribute its remaining ownership interest in Ferrari to FCA shareholders at the beginning of 2016.

IPOs: Ferrari N.V.

Manufacturing IPOs - Slide 2 of 5 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2019, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.