Ferrari expected to push for €11 billion valuation in IPO
Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as €11 billion euros
Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as €11 billion euros, according to people familiar with the matter.
Based on talks with possible investors, Ferrari could be valued from just under €10 billion to €11 billion when owner Fiat Chrysler sells a 10 percent stake in the division on the New York Stock Exchange,...
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