Montezemolo shoots down Ferrari IPO rumors
Rumor of a Ferrari IPO first hit the internet back in September after sources told Reuters that Fiat had been approached by multiple investment banks offering to list the exotic Italian supercar manufacturer on the Hong Kong stock exchange.
This isn't the first time word of a Ferrari IPO has hit the web. Long before Fiat bought Chrysler, rumors whipped around over the possibility of an outright sale or a public offering to drum up cash. Then, a little over a year ago, Montezemolo outright denied the plans all together after the dust settled.
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