Investors keen to snap up shares in legendary Italian supercar manufacturer Ferrari are preparing for the firm’s initial public offering (IPO), which is reported to be launching soon. Sources suggest that the IPO would be worth $1billion, approximately ten percent of the manufacturer’s value.
Up to half of the IPO value is underpinned by the automaker’s intellectual property, as the Ferrari brand is one of the strongest and most recognised in the world. Ferrari fans will be pleased to read that the flotation won’t mean a change in direction for the firm. The IPO documents reportedly confirm that the business will remain incorporated as an Italian company, and will continue to focus on the luxury market.
The coming months are an exciting time for Ferrari and its loyal buyers, as the IPO follows the reveal of new models and significant updates to the range. The new turbocharged V8 488 GTB made its debut at the Geneva Motor Show back in March 2015, and will replace the outgoing 458. Details on an uprated Ferrari F12 M with extra power then emerged in June, shortly before the Ferrari LaFerrari hypercar arrived on the road.
You can explore the Italian manufacturer’s outstanding sports car range at the Lancaster Ferrari Colchester showroom, and stay up to date with all developments here on the website.