moparnut
Administrator
Bloomberg hasbeen told thatFerrari’s initial public stock offering (IPO) is oversubscribed as investors want more stock than is available.
The books close on Monday at 4 p.m. in all regions, two of the people said. Current owners of FCA stock willbe assigned 80% of FCA’s Ferrari stock nextyear, with the rest sold off to raise money for expansion of Jeep, Maserati, and Alfa Romeo in a plan costing around US$55 billion.
Around 10% of the company — nearly 19 million shares — are to be sold at roughly $50 per share, under the ticker symbol RACE. Ferrari will include debt from Fiat Chrysler and is expected to be capitalized at $12 billion. (...) →
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The books close on Monday at 4 p.m. in all regions, two of the people said. Current owners of FCA stock willbe assigned 80% of FCA’s Ferrari stock nextyear, with the rest sold off to raise money for expansion of Jeep, Maserati, and Alfa Romeo in a plan costing around US$55 billion.
Around 10% of the company — nearly 19 million shares — are to be sold at roughly $50 per share, under the ticker symbol RACE. Ferrari will include debt from Fiat Chrysler and is expected to be capitalized at $12 billion. (...) →
More...