12 Articles
1 / 1
8

Former Ferrari chairman Luca di Montezemolo doesn't seem sure that an IPO is the right step for a sports-car brand that thrives on exclusivity.

19

Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come within days.

4

If you're planning on buying Ferrari stocks, don't plan on getting them before Columbus Day, as the parent FCA has pushed the IPO off until after October 12.

1

FCA still plans to launch Ferrari's IPO in the third quarter of 2015, but is delaying distributing the rest of the stock to current shareholders until early 2016. The decision lets FCA claim some of the Prancing Horse's profits in 2015.

1

FCA will likely stick with its original plan and won't put more than 10 percent of Ferrari shares on the market during the Italian sports-car company's IPO later this year, according to Sergio Marchionne.

12

Fiat Chrysler Automobiles is trying to get capital together in a hurry to finance the automaker's growth plans. Among its strategies to raise money, Ferrari will be spun off from the FCA mothership next year with an initial public offering. However, the Italian supercar maker will be a couple billion dollars poorer at the start of its new life.

Add

BMW i8 And i3, SEMA, Ferrari Spun Off, Tom Magliozzi Passes Away

We're set to record Autoblog Podcast #404 this evening. Check out the topics below or drop us your questions and comments via the Q&A module. And don't forget to subscribe to the Autoblog Podcast in iTunes if you haven't already done so. To take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.

7

Put your money away, people. Ferrari Chairman Luca di Montezemolo has told a German newspaper his company will not be going public anytime soon, saying, "No, there is nothing on the agenda," according to Automotive News Europe. According to the executive, Ferrari parent company Fiat doesn't need the cash that would be generated by an IPO, and that while he can't know what will happen in the far-off future, right now the automaker will continue with business as usual.

11

The Ferrari brand is among the most exclusive and revered in the world, but how much is it worth? Bloomberg reports that Fiat CEO Sergio Marchionne feels the Prancing Horse is worth more than 5 billion euros, or $7.3 billion in U.S. dollars. That's a big chunk of change for an automaker that cleared only $430 million in 2010 on sales of $2.73 billion, and the total represents 63 percent of the entire Fiat group's estimated worth of $11.4 billion.

4

Despite the prophecies that many analysts made last year, it looks like neither Fiat nor Ferrari has any pressing interest in listing the supercar maker as a separate entity from its parent company. According to Reuters, Ferrari CEO Luca Cordero di Montezemolo has said that there are no current plans to list the company, and that while such a project may crop up in the next four-to-five years, it's not something that's on the table at the moment. Montezemolo made the comments while speaking with

12

Sergio Marchonne, CEO of Fiat and the Chrysler Group, has stated that he is looking to raise some cash ahead of the upcoming Fiat/Chrysler merger. One possible way to do this? Reduce its 90 percent ownership stake in Ferrari through an IPO. Fiat estimates that Ferrari is currently worth $3.3 billion, and offering stock in the Italian sports car manufacturer could generate some serious coin.

7

Ferrari 458 Challenge racer – Click above for high-res image gallery

1 / 1
Share This Post