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Ferrari officially files SEC paperwork to register future IPO

Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.

Mansory 4XX Siracusa is the carbon-fiberphile's Ferrari

We've already said the best thing about the Geneva Motor Show are the exotics on display. There's a new Koenigsegg, a successor to the Bugatti Veyron, the latest Aston Martin grand tourer, and even a pretty bad-ass Chevrolet Corvette. But for every good high-performance car, there are more, um, questionable decisions. This is the Mansory 4XX Siracusa, and it's what happens when someone decides the Ferrari 488 GTB isn't as extreme as it should be. The 3.9-liter, twin-turbocharged V8's output has been increased from 661 horsepower to 790 ponies, while torque is up from 561 pound-feet to 643 lb-ft. These are improvements we can support, but the impact on stopwatch performance isn't quite enough – Mansory claims the 4XX Siracusa will hit 60 in just 2.9 seconds and keep going to 212 miles per hour. But for those keeping track at home, the question with the Mansory is whether a tenth-of-a-second improvement and an extra seven mph on the high end is enough to warrant the, ahem, unique design direction of this aftermarket offering. You need to really like carbon fiber to enjoy the 4XX. Like, a lot. Because Mansory has gone beyond even Ferrari's optional carbon-fiber treatments, finishing the front splitter, rear diffuser, roof, pillars, mirror, fender vents, sills, intakes, taillight surrounds, parts of the hood, the spoiler, and both rear wings in the stuff. Then, if that wasn't eye-catching enough, the entire car gets a more aggressive body kit and very, very yellow paint. It's just too much. You can check out the full set of live images of Mansory's take on the 488 GTB from the floor of the Geneva Motor Show at the top of the page.

Logic3 classes up headphones with Prancing Horse

White earphones too bland for you? Black too slow? Your otherwise high-end cans just not expensive enough? Logic3 hopes to remedy your plight with its new line of Ferrari-branded earphones and headphones.
Logic3's Cavallino line is intended for the well-heeled audio enthusiast with aluminum housings covered in hand-stitched, lambskin leather. The Scuderia collection is also built with aluminum but instead of leather, the earphones' colors closely match those of the Ferrari F1 team. Yellow badges and aluminum grilles complete the look.
Both lines also include over-the-ear headphones and Bluetooth compatible dock station speakers. The Scuderia line headphones mimic the look of hearing protection worn by F1 pit crews.