Ferrari pushing for a $12.4B IPO

Posted online October 12, 2015 | 11:37 am

Luxury car brand Ferrari is slated to go public in the coming days and could nab a valuation of around $12.4 billion, unnamed sources told Bloomberg Business.

The IPO would make founder Enzo Ferrari's son, 70-year-old Piero Ferrari, a billionaire. Derived from his 10 percent stake in the company, Bloomberg reports he would have a fortune of $1.3 billion.

Ferrari plans to offer 17.2 million shares, or 9 percent of the company, for $48 to $52 each.

Read more from Bloomberg Business.

Updated: Systematic Savings Bank to be acquired in $14M deal

Comments

No comments on this story |

Please log in to add your comment

Editors' Pick

Open for Business: Crumbl Cookies

Utah-based gourmet cookie chain Crumbl Cookies opened its first Springfield shop; interior design business Branson Upstaging LLC relocated; and Lauren Ashley Dance Center LLC added a second location.

Most Read