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 »