- Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles (NYSE:FCAU), expects the company's Ferrari unit to be valued "at least" at €10B ($11B) in an initial public offering scheduled for 2015.
- Last year, the automaker announced plans to sell 10% of Ferrari and distribute its remaining 80% stake to Fiat Chrysler investors. Piero Ferrari (the son of founder Enzo Ferrari) plans to keep his 10% holding.
- Mirroring the multi-national structure of its parent company, Ferrari will likely list on the NYSE as a Dutch holding with its fiscal residence in the U.K.