Pursuits
Ferrari Files for Share Listing on New York Stock Exchange
Ferrari to Sell 10% of Shares to the Public
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Fiat Chrysler Automobiles NV’s plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit’s initial public offering on the New York Stock Exchange.
Fiat Chrysler, which has estimated the supercar division’s value at more than $11 billion, plans to complete the separation in early 2016, the Italian-American manufacturer said in a filing with the U.S. Securities and Exchange Commission.