1 (edited by RickB 2015-10-21 22:02:32)

Topic: Perfect gift for fast car fans

I just saw that Ferrari is going public. Now, I know most of us would dream of having one, but the price is a bit steep! The IPO is coming up with a predicted price of around $50 per share. I'd wait until the fat cats make their killing and get in later for cheap.
Now we all can own a little bit of a Ferrari. A framed share certificate would be cool hanging on the wall.
Rick

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Re: Perfect gift for fast car fans

I would love a piece of that action.  Thought they were owned by FIAT.  Or maybe FIAT is behind this.

Steve

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3 (edited by RickB 2015-10-23 18:08:02)

Re: Perfect gift for fast car fans

MINI_Zoso wrote:

I would love a piece of that action.  Thought they were owned by FIAT.  Or maybe FIAT is behind this.

A chunk of Ferrari was spun off by Fiat to raise cash. The balance of the shares will be distributed in the future to shareholders of the parent. A Ferrari red frame would be most appropriate. big_smile
The company is quite profitable despite the price of those cool cars.

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