Ferrari will pull into some of the western world’s wealthiest pit stops in the coming week, on an initial public offering roadshow aimed at securing a market valuation of $10bn for the Italian supercar maker.
The group, which is being spun out of Fiat Chrysler, on Friday shrugged off a flap with its banker over unguarded pre-listing comments to launch its listing of 9 per cent of its equity, or almost 17.2m shares.
At the top of its planned price range of $48-$52 per share, the IPO would raise $894m and value Ferrari at $9.8bn.
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