Tag Archives: Ferrari

Spinoff Odds & Ends: Ferrari leadership, ADT & Google, Varian takeout

It’s time for another edition of Odds & Ends where we share some random articles and pieces that we have been reading… 1. Harvard Business School touts Ferrari’s (RACE) exemplary leadership prior to the coronavirus crisis. Some good lessons in there and kudos to Chairman John Elkann and CEO Louis Camilleri for their strong leadership and foresight. Ferrari… Read More »

Is Sergio Marchionne Ready To Take Fiat Chrysler(FCAU) For Another Spin?

In late 2015, Sergio Marchionne led the successful IPO and spinoff of Fiat Chrysler’s(FCAU) Ferrari(RACE) division. Now various speculations suggest that he may spin off Maserati, Jeep, or the Parts division.  Marchionne, who is set to retire in 2019, has tried to lure a buyer, publicly courting General Motors(GM), even, but has not found a partner. Alternatively, some believe… Read More »

Fiat Chrysler Shareholders Approve Ferrari Demerger

Less than two months after its successful IPO of 10% of Ferrari(RACE), Fiat Chrysler(FCAU) took a major step forward towards the spinoff of its remaining 80% stake yesterday. At the company’s Extraordinary General Meeting of shareholders, the transaction was approved.  It is expected that the company will complete the spinoff in January 2016. The EGM approved a demerger… Read More »

Barron’s: Buy A Ferrari, Not The Stock

It may be the world’s premier luxury brand. Ferrari(RACE) manufactured just 7,255 cars last year, part of its strategy to keep supply below the level of demand.  The recent IPO of 10% of Ferrari’s shares by Fiat Chrysler(FCAU) followed the same model, making available only a small number of shares. Barron’s notes that the company’s valuation is unjustified.… Read More »

Ferrari Bucks IPO Trend, Prices At Top Of Range, Begins Trading Today

Amidst a brutal environment for IPOs, Fiat Chrysler’s(FCAU) IPO of 10% of Ferrari(RACE) seems to have bucked the trend. The IPO priced at $52, at the top of the $48 to $52 range, in the face of strong demand.  At this price, Ferrari will have a market capitalization of nearly $10 billion. With a small float of just… Read More »

Fiat Chrysler Races Ahead With Ferrari IPO And Spinoff

Posters featuring its iconic speedsters grace the walls of teenagers’ bedrooms around the world.  Now, fans will have a chance to own a piece of the company.  Management is busy on the road this week promoting an IPO of Ferrari. The company, 90% of which is owned by Fiat Chrysler(FCAU), will, naturally, trade under the ticker RACE.  The IPO… Read More »