Ferrari IPO set to launch soon

Ferrari IPO set to launch soon

0 comments 📅09 November 2016, 00:45

Ferrari IPO set to init soon

Investors keen to snap up shares in heroic Italian supercar manufacturer Ferrari are preparing for the secure’s initial public offering (IPO), which is reported to be launching presently. Sources suggest that the IPO would be good $1billion, approximately ten percent of the manufacturer’s value.

Up to half of the IPO value is underpinned by the automaker’s wise man property, as the Ferrari brand is one of the strongest and most recognised in the circle. Ferrari fans will be pleased to present that the flotation won’t mean a change in management for the firm. The IPO documents reportedly confirm that the concern will remain incorporated as an Italian associates, and will continue to focus on the luxury vend.

The coming months are an exciting time for Ferrari and its trustworthy buyers, as the IPO follows the reveal of new models and impressive updates to the range. The new turbocharged V8 488 GTB made its introduction at the Geneva Motor Show back in Stride 2015, and will replace the outgoing 458. Details on an uprated Ferrari F12 M with unused power then emerged in June, just before the Ferrari LaFerrari hypercar arrived on the passage.

You can explore the Italian manufacturer’s outstanding sports car radius at the Lancaster Ferrari Colchester showroom, and continue up to date with all developments here on the website.

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