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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:

Limited-run Ferrari F12 GTO supposedly headed to Frankfurt

After spy shots of a Ferrari F12 Berlinetta in Italy wearing some sticky rear-end camo went public, insiders have told GTspirit that the car is an F12 GTO and it will come to this year's Frankfurt Motor Show in September. It's hinted that the Gran Turimso Omologato changes to the 6.3-liter V12 up front might increase output from 731 horsepower to 800 hp by using the HY-KERS unit from the LaFerrari. That module provides an extra 163 hp to the supercar. True to GTO form, more power would come with less weight, the purported F12 GTO going on a diet of more than 100 kilograms (220 pounds). That would get matters of mass down to a stated curb weight of around 3,140 pounds. More technology could make the jump from its supercar sibling, all hidden underneath more aggressive bodywork and a GTO badge. A production volume of just 650 cars is mentioned, which, if true, would give buyers more chance to procure one; the Ferrari only made 599 units of the 599 GTO. Featured Gallery 2014 Ferrari F12 Berlinetta: Review View 39 Photos News Source: GTspirit via World Car FansImage Credit: Copyright 2015 Drew Phillips / AOL Rumormill Frankfurt Motor Show Ferrari Coupe Hybrid Luxury Special and Limited Editions Performance ferrari f12 berlinetta

Ferrari to launch new model every year, keep production limited

You've no doubt perused the big news coming out of Fiat-Chrysler's headquarters in Auburn Hills, MI today. But at the end of the brand discussions, Sergio Marchionne spoke briefly about an incredibly important, low-volume part of the Fiat-Chrysler empire: Ferrari.
"You do need one of these cars in your driveway," Marchionne joked. And while other brand heads today lined out detailed plans for future product, Sergio's words about Ferrari's next five years were very simple, and very vague.
Marchionne confirmed that Ferrari will launch a new car every year between now and 2018. The cars will have a four-year lifecycle, after which, "M" versions will be produced, with a separate four-year cadence. No specific models were mentioned during Marchionne's presentation.