Ferrari has filed the paperwork necessary to be traded on the New York Stock Exchange, meaning it’s closer than ever to an IPO. According to Luxury Society, CEO Sergio Marchionne thinks Ferrari will be worth “at least” $11 billion dollars set up on New York Stock Exchange, which will likely be in early 2016.
What does this mean for the brand? First, that the brand is leaving the FCA umbrella, which also includes names like Alfa Romeo and Maserati. Only 10% of the brand’s shares will be traded publicly – most will stay with the Excor investment firm (owned by the Angelli family) and 10% will remain with Enzo Ferrari’s son, Piero.
We’ll share more news as we get it.