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Ferrari aiming for $US12.4b valuation in IPO

2015-10-09 10:35:52| Automakers - Topix.net

Ferrari's coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering. Ferrari's coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as a 11 billion , according to people familiar with the matter.

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Ferrari to set listing price range within days: source

2015-10-02 09:11:34| Automakers - Topix.net

Luxury sportscar maker Ferrari is likely to set a price range for its much anticipated initial public offering in New York within days, possibly as early as Friday, a source close to the matter said on Thursday. The price range will be part of a final prospectus for the IPO that is pending approval by U.S. market regulators, the source said.

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Ferrari dealership at Wynn Las Vegas to close

2015-09-22 00:40:09| Auto Dealers - Topix.net

The Ferrari dealership inside Wynn Las Vegas will close sometime before the end of the year as the casino looks to bring in a different type of attraction. The closing ends the unusual marriage between a Strip hotel-casino and the high-end auto dealership, which is the only licensed Ferrari dealer in Nevada.

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2. Marchionne's Fiat-GM merger plan may wait for Ferrari spinoff

2015-09-04 21:46:02| Automakers - Topix.net

While Fiat Chrysler Automobiles CEO Sergio Marchionne isn't known for his patience, he's likely to wait until next year before making a bid for General Motors after months of talk about the potential of a deal. The spinoff of Ferrari SpA, which is slated for early 2016, could be the catalyst for Marchionne to make an offer for the U.S. automaker.

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Marchionne ready to take over as Ferrari CEO before IPO: sources

2015-08-27 18:31:03| Automakers - Topix.net

Fiat Chrysler chief Sergio Marchionne is preparing to take over as chief executive at Ferrari ahead of the Italian luxury sports car maker's planned initial public offering later this year, two sources said on Thursday. Ferrari CEO Amedeo Felisa, who took over as Ferrari CEO in 2008, is expected to step down ahead of the IPO, the sources said.

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