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Ferrari stock demand exceeding supply

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the $1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of $48 to $52. Ten percent of the company is going on the block' Bloomberg reports that the books close on the IPO on Monday at 4:00 pm. The final price will be set on Tuesday, and trading will begin Wednesday under the ticker symbol RACE on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, will hold onto the ten-percent stake he currently has in the company. Fiat Chrysler will disburse the final 80 percent to its investors sometime in 2016. In combination with spinning Ferrari off from its parent company next year, the share sale is expected to put $4 billion into Fiat Chrysler coffers, which will be used to help fuel the growth of Alfa Romeo, Jeep, and Maserati. Assuming all goes to plan, Bloomberg says Ferrari will be valued at roughly $12 billion, a number $1 billion greater than the valuation Fiat Chrysler CEO Sergio Marchionne put on Ferrari earlier this year and higher than the brand's own internal assessment. Related Video:

Two Ferrari LaFerraris are for sale in Dubai

You can rest assured that a disproportionate share LaFerrari production run headed to the United Arab Emirates. Of those, two examples of which are now listed for sale in Dubai alone on Dubicars.com. Both of them are red, which is no surprise. The first, pictured in the image gallery above, is a brand-new 2014 model for sale at the emirate's famed dealership Al Ain Class Motors. The 2014 model is listed with zero miles on the odometer, though we'd be surprised if it hadn't racked up at least a few delivery and test miles. All it will cost you is a small matter of 11,000 Emirati Dirham, which works out to a hair under $3 million at current exchange rates. GTR Motors hasn't listed how much it wants for this second example depicted in the video below. But you can bet that – even with 398 kilometers (or 247 miles) on the clock – this 2015 example will still command a significant premium over the $1.35 million the factory charged for these hybrid hypercars when they were new. If you can scrape together the cash for either, you'll be getting arguably the ultimate Ferrari road car to date, packing a 6.3-liter V12 hybrid powertrain good for 950 horsepower and a 2.5-second 0-60 time. The factory in Maranello only built 499 of them, so finding one – let alone two – up for grabs is a bit of a rarity. Of course if this particular Prancing Horse isn't your cup of tea, there's plenty of other enticing machinery on offer, including a McLaren P1, Koenigsegg CCX, three Porsche 918 Spyders, and a handful of Bugatti Veyrons. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2014 Ferrari LaFerrari for sale in Dubai View 14 Photos News Source: Al Ain Class Motors, GTR Motors via Dubicars.com Auto News Green Ferrari Coupe Hybrid Supercars dubai ferrari laferrari laferrari

FIA introduces 'Hypercar Concept' for World Endurance Championship

One of the most common jabs at hypercars is the question, "Where can you drive them to their potential?" Imagine the answer being: to the checkered flag in the 24 Hours of Le Mans. We're not there yet, but the FIA World Motor Sport Council took a step closer to the possibility during its second annual meeting in Manila, the Philippines. One of three initiatives the WSMC announced for the 2020 World Endurance Championship was "Freedom of design for brands based on a 'Hypercar' concept." This "Hypercar concept" would replace LMP1 as the premier class in the WEC. The dream, of course, would be seeing racing versions of the AMG Project One, Aston Martin Valkyrie AMR Pro, Bugatti Chiron, Koenigsegg Regera, McLaren Senna GTR, Pagani Huara BC, and the rest of the gang trading paint and carbon fiber through Dunlop in a heinously expensive version of "Buy on Sunday, sell on Monday." The reality is that we don't have all the details yet on the set of regulations called "GTP," but the FIA wants race cars more closely tied to road cars, albeit with the performance level of today's LMP1 cars. Exterior design freedom would shelter internals designed to reduce costs, the FIA planning to mandate less complex hybrid systems and allow the purchase of spec systems. One of the FIA's primary goals is lowering LMP1 budgets to a quarter of their present levels. Audi and Porsche budgets exceeded $200 million, while Toyota - the only factory LMP1 entry this year and next - is assumed to have a budget hovering around $100 million. Reports indicated that Aston Martin, Ferrari, Ford, McLaren, and Toyota sat in on the development of the proposed class. If the FIA can get costs down to around $25 million, that would compare running a top IndyCar team and have to be hugely appealing to the assembled carmakers. The initiative represents another cycle of the roughly once-a-decade reboot of sports car racing to counter power or cost concerns. The FIA shut down Group 5 Special Production Sports Car class in 1982 to halt worrying power hikes, and introduced Group C. In 1993, Group C came to an ignoble end over costs; manufacturers were spending $15 million on a season, back when that was real money and not one-fifth of a Ferrari 250 GTO. Then came the BPR Global GT Series that morphed into the FIA GT Championship, which would see the last not-really-a-road car take overall Le Mans victory in 1998, the Porsche 911 GT1. That era would be most aligned with a future hypercar class.