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The Ferrari IPO is still coming, but it won’t be before Columbus Day (Monday, October 12, that is), according to Fiat Chrysler Automobiles CEO Sergio Marchionne.
The outspoken exec is blaming tax reasons for the fourth-quarter date, according to a report from Reuters. Marchionne said a full year needed to pass between FCA’s October 13, 2014 Wall Street debut and any additional listing.
This isn’t the first delay in the Ferrari IPO. FCA was originally supposed to make a 10-percent offering of Ferrari during second or third quarter of 2015, before officially pushing things back to the third quarter of this year. Now, it’s unclear if Ferrari will even go public before the dawn of 2016.
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