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 »
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 »
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 »