Ferrari IPO could come any day now
Sun, Jul 12 2015Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out.
Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners.
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- News Source: Bloomberg
- Image Credit: STR/AFP/Getty
By Jeremy Korzeniewski
See also: Marchionne wants Maserati to be FCA's new Ferrari, Race recap: 2015 British Grand Prix is a testament to timing, NHTSA preparing to wallop FCA, automaker 'failed to do its job'.