2004 Ferrari 360 F1 Spider Black Only 11000 Miles Daytona Seats , Shields on 2040-cars

Auto blog

Ferrari raises $893M, valued at $12B

Ferrari's stock is moving as quickly on the New York Stock Exchange as the brand's iconic sports cars do on the road. The company's incredibly popular initial public offering has already raised $893.1 million by virtue of 17.18 million shares sold for $52 apiece. If the deal's underwriters buy in as well, the figure would grow to $982.4 million. Plus, even after shouldering some of FCA's debt, the automaker carries an enterprise value of $12 billion, Bloomberg reports. Just as the company starts trading on the New York Stock Exchange, the share price is already racing upward, too. As of this writing, Ferrari stock, which is listed under the symbol RACE, is priced at $57.59. At its high so far today, the value reached as high as $60.95. While Ferrari is looking strong, the big winner in this success looks to be FCA because the company should raise $4 billion in the spin-off, according to Bloomberg. With nine percent of the sports car maker on the NYSE and one percent for the underwriters, another 80 percent will be distributed to FCA investors in 2016. When that's through, Exor, the holding company for the Agnelli/Elkann family, should have the largest stake at about 30 percent. Piero Ferrari holds the remaining 10 percent and has no intention to sell it. Related Video: FCA Announces Pricing of Initial Public Offering of Ferrari N.V. Common Shares Fiat Chrysler Automobiles N.V. (NYSE: FCAU/MI: FCA) ("FCA") and its subsidiary Ferrari N.V. ("Ferrari") announce today the pricing of Ferrari's initial public offering of 17,175,000 common shares at an offering price of $52 per share for a total offering size of $893.1 million ($982.4 million if the underwriters exercise the option described below in full). The shares are expected to begin trading on the New York Stock Exchange on Wednesday, October 21, 2015, under the symbol "RACE", and closing of the offering is expected to occur on October 26, 2015. In addition, the underwriters have a 30-day option to purchase an aggregate of up to 1,717,150 common shares of Ferrari from FCA. The offering is intended to be part of a series of transactions to separate Ferrari from FCA. Following completion of this offering, FCA expects to distribute its remaining ownership interest in Ferrari to FCA shareholders at the beginning of 2016. UBS Investment Bank is acting as Global Coordinator for the offering.

Ferrari FF coupe plans found in European patent application

The FF is quite a departure for Ferrari - it's the company's first hatchback and all-wheel-drive vehicle - so it isn't surprising that it rubs some people the wrong way, even if the car itself is very good. Well, judging from these patent drawings of what looks like a FF coupe filed with the Office for Harmonization in the Internal Market (OHIM), Ferrari has plans to build one.
We're not sure if Ferrari is planning a production run, however, and it's very possible this is a one-off special being built for a very rich customer, a la Eric Clapton and his 458 Italia. Patent drawings of Clapton's special 458 were filed with OHIM before it was finished, as well.
We think the regular FF is a good-looking car as is, but would welcome a coupe version if it looked like the one in these drawings. It could be a great alternative to the F12 Berlinetta for people who want all-wheel drive and a lower profile.

Ferrari presents its 2016 F1 car, the SF16-H

Ferrari has presented the Formula 1 car with which it hopes to take the fight to Mercedes during the 2016 season. The SF16-H, as the new single-seater will be called, sports a different livery, as speculated in the past weeks, with white paint appearing on the engine cover, the front wing and in front of the cockpit. Ferrari is believed to have made significant changes to the engine that will power the car this year in the hope of catching Mercedes after a promising 2015 season. The Maranello squad finished second behind the German squad in the standings, bouncing back from a disastrous 2014. Sebastian Vettel won three races for the team on his way to third in the standings. The German will be partnered by Kimi Raikkonen once more. The car is expected to take to the track on Sunday for a filming day at Barcelona before testing kicks off on Monday at the Spanish circuit. This article by Pablo Elizalde originally appeared on Motorsport.com, the world's leader in auto racing news, photos and video. Motorsports Ferrari Racing Vehicles F1 scuderia ferrari