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Home › 5. Ferrari files for IPO to raise funds for Fiat Chrysler

 

5. Ferrari files for IPO to raise funds for Fiat Chrysler

2015-07-24 05:12:53| Automakers - Topix.net

Fiat Chrysler Automobiles NV's plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit's initial public offering on the New York Stock Exchange. Fiat Chrysler, which has estimated the supercar division's value at more than $11 billion, plans to complete the separation in early 2016, the Italian-American manufacturer said in a filing with the U.S. Securities and Exchange Commission.

Tags: files funds raise ferrari

Category:Automotive

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