by Andrea Malan

Ferrari is in pole position. The process for the initial public offering on Wall Street of the luxury sports car maker will start by this week (most probably on Friday) with the release of the final prospectus for the offering, which will include the indicative price range.

The sale will not be accompanied by a capital increase but will offer part of the stake currently owned by parent company, Fiat Chrysler Automobiles, or around 10% of capital. FCA could raise up to $1 billion from the sale if the entire company is valued $10 billion as hoped by Sergio Marchionne, the chief executive of FCA and chairman of Ferrari.

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Fonte: Italy24