Ferrari valued at $11 billion ahead of IPO
Fiat Chrysler CEO and Ferrari chairman Sergio Marchionne said earlier this week he expected Ferrari to be valued at over 10 billion euros, or about $11 billion at current exchange rates. That would make Ferrari alone account for some 60 percent of the value of its parent company Fiat Chrysler Automobiles, which is currently valued at over 16 billion euros.
Piero Ferrari will his retain the ten-percent personal stake in the company his father Enzo founded, and 80 percent will be distributed among existing FCA shareholders. The remaining ten percent will be open for trading.
The Ferrari company will be listed on the New York Stock Exchange as aDutch holding headquartered in the UK, following in the footsteps of parentFiat Chrysler, which is also now based in London.