Ferrari sells Companies' Shares

Ferrari sells Companies' Shares

After Ferrari got off from Fiat Chrysler Company it sells its shares. The whole Ferrari is estimated of about $ 10 billion. 
Yesterday, the company Ferrari IPO began to sell its shares through the New York Stock Exchange. The shares have been very popular, and in the first day the price immediately rose with 17%. This is a step of the separation Ferrari from Fiat Chrysler Automobiles (FCA), which owned a 90% stake of Ferrari. Now the shares are distributed among a large number of investors, and the Fiat will no longer be a direct owner.
At the moment, for trading were exposed only 10% of the company's shares. Selling ​​them, Fiat will receive approximately $900 000 000. 

Ferrari is a jewerly in the "crown" of Ford & Chrysler. Once the stock market players are ready to buy Ferrari shares at a rapidly growing prices, then they believe in a very good perspective for the development of the company. It is the superior car company to almost all the world's automakers.

 

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