Entering text into the input field will update the search result below

Ferrari picks UBS to manage NY listing

Jul. 08, 2015 2:58 AM ETStellantis N.V. (STLA) StockSTLABy: Yoel Minkoff, SA News Editor
  • Ferrari, the luxury car unit being spun off by Fiat Chrysler Automobiles (NYSE:FCAU), has picked UBS to help manage its initial public offering in New York this year, Bloomberg reports.
  • JPMorgan and Goldman are also due to help in selling 10% of Ferrari's shares to investors.
  • Reason for the spin-off: Debt-laden Fiat Chrysler hopes the move will help fund a €48B ($52.5B) investment program that focuses on expanding the Jeep, Alfa Romeo and Maserati brands globally.
  • Previously: Ferrari IPO may exceed $11B (Jul. 05 2015)

Recommended For You

More Trending News

About STLA Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
STLA--
Stellantis N.V.