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Ferrari Debuts On Milan Stock Exchange

Jan 05, 2016 Ferrari, FCA, Fiat,


Monday 4 January saw Ferrari debut on the Milan stock exchange. The Milan trading came two and a half months after Fiat Chrysler sold 10% of its Ferrari shares on Wall Street, where it reached a value of $52. 

According to an article in The Guardian:"The latest deal involved Fiat Chrysler distributing its 80% stake in Ferrari to its shareholders on Sunday, ending 30 years of control of the famous brand by fully separating the two companies. Investors received 1 share in Ferrari for every 10 they owned in Fiat Chrysler."

Yesterday's trading in Italy saw share trading open at €43 which then declined based on Chinese market declines and negative sentiment. Shares recovered to reach €43.46.

The Guardian comments: "FCA’s own shares opened a third lower on Monday as investors focused on life without the profits, status and revenues of the luxury car-maker and on chief executive Sergio Marchionne’s ambitious growth plans for 2018.“From the moment we announced the split from FCA, a journey came to an end,” said Marchionne.“But the truth is that today another big chapter is beginning. This listing marks Ferrari’s independence, which is essential in maintaining its development and potential,” he said, promising customers “ever-more exclusive models”."

Read the original article here


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