VR World

Ferrari Set For IPO, Creates Epic Ticker Symbol

Ferrari will have its IPO (Initial Public Offer) in a few month’s time. The company is said to have its debut on the New York Stock Exchange with a $10 billion valuation. Ferrari will only provide 10% of its company share value through this IPO to attract investors. Ferrari is vaunting around $1 billion they wish to collect through stock sales, adding a substantial amount of liquid capital to their company operations. Its parent company Fiat Chrysler Automobile (FCAM) said Monday it plans to set a price of $48 to $52 per Ferrari share, making it one of the more appealing IPO’s set in recent years.