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FCA launches Ferrari IPO

It's been a long time coming, but the moment is finally upon us: Ferrari is hitting the stock market. Its parent company Fiat Chrysler Automobiles has announced the launch of Ferrari's initial public offering – almost exactly a year to the day since FCA launched its IPO (pictured above). And with it, FCA is starting the process of separating the Maranello-based exotic automaker and racing team away from the rest of the Italian-American industrial empire. The plan filed with the US Securities and Exchange Commission (SEC) calls for FCA – which owns 90 percent of Ferrari – to float 17,175,000 common shares on the New York Stock Exchange. That amounts to nine percent of Ferrari's common shares. Another 1,717,150 common shares (equal to 1 percent) will be offered to the underwriters of the IPO. The remaining 80 percent interest in the Prancing Horse company will be separated from the rest of FCA and distributed to the parent company's shareholders – of which Exor, the Agnelli/Elkann family's holding company, is the largest, holding a stake of about 30 percent. Currently registered as New Business Netherlands NV, the company is soon to be renamed Ferrari NV. And while it's nominally based, like its (soon to be former) parent company, in the Netherlands, there's no reason to anticipate at this point that Ferrari will move its operating headquarters away from its current and historic home in Maranello, on the outskirts of Modena in Italy's "supercar valley." The IPO is expected to be priced at or around $50 per share (give or take a couple of bucks), which would value the company at around $10 billion. Trading won't actually commence, however, until all the SEC filings are complete. At that point, the company will be listed on the NYSE under the symbol RACE. And whether you yourself are actually interested in trading in Ferrari shares or not, that could be one of the best parts of the announcement. FCA Announces Launch of Ferrari Initial Public Offering LONDON, October 12, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MI: FCA) ("FCA") and its subsidiary New Business Netherlands N.V. to be renamed Ferrari N.V. ("Ferrari") announce today that Ferrari has launched its initial public offering ("IPO").

Buy Ferrari's F1 motorhomes and start your own Scuderia [w/videos]

The single-seat racecars themselves may be the most impressive bits of machinery a Formula One team brings to the circuit, but the vehicles you see on the track are not the end of the story. The trucks in which they're transported and which serve as mobile bases for the team's trackside operations are almost as impressive in their own right, and now a pair of these tractor-trailers are available for sale. Only they're not from just any team – they're from Scuderia Ferrari. This pair of transporters include two scarlet red Iveco Stralis tractors and a pair of matching custom trailers made by AstaCar in Reggio Emilia, just 45 minutes down the autostrada from Maranello. One trailer was made to transport the F1 cars, and the other as a mobile office and repair shop. They can deploy once parked to a height of 23 feet for two floors and cover an area of over 2,000 square feet. The trailers were commissioned by Ferrari back in 2003 during the height of the Michael Schumacher era. They were used by the team as its rolling base of operations and trackside hospitality at grands prix across Europe for ten years, upgraded incrementally along the way until they were replaced halfway through last season. They've even still got the nameplates of former team principal Stefano Domenicali and drivers Fernando Alonso and Felipe Massa on the doors. The constructor is putting them up for sale, and while they wouldn't disclose for publication how much they're asking for the pair, commissioning a new setup like this one – complete with tractors, trailers and all the fixins – would set you back a cool ˆ2 million (about $2.5 million at today's rates) plus applicable taxes. Whether they're worth less than that now for their wear or whether the championships and race wins that were orchestrated from these rolling pieces of racing history make them even more valuable is a matter the buyer will need to negotiate with the seller, but you're invited to scope 'em out on the sale page and in the images above, as well as the videos of the manufacturer's work below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Ferrari revealed the LaFerrari Aperta, and yeah, it's already sold out

We saw this one coming as far away as the mid-engine Corvette: The LaFerrari is getting a convertible version. Publically revealed Thursday at the Paris Motor Show, the LaFerrari Aperta promises the same performance as the regular LaFerrari – with an open-air design. We had seen it already, actually, but today brought confirmation that it will be called Aperta, not Spider. It's already sold out (duh) and will be limited to 209 copies. Two hundred of those go to regular people, or Ferrari customers anyway, and nine will be held back by the company to show off at events in 2017 as the automaker celebrates its 70th anniversary. Ferrari says the LaFerrari Aperta maintains the torsional rigidity and aerodynamics of the hardtop. The powertrain is the same: a V12 paired with an electric motor and KERS technology to generate 949 total horsepower. Meanwhile, Ferrari revealed details on five liveries to celebrate its 70th anniversary based on its current product line with a total of 350 units set to be produced. They are: The Steve McQueen, which takes inspiration from SMQ's iconic 1960s 250 GT Berlinetta Lusso. The Green Jewel, a green scheme based on the 365 P2 from Le Mans competition. The Stirling, which evokes a 250 GT Berlinetta SWB from 1961 driven to victory by Stirling Moss. The Schumacher, a red color scheme based on Ferrari's 2003 Formula One car piloted to seven victories by Michael Schumacher. The White Spider, a tribute to the 375 MM Pinin Farina Spider. The company also showed the rear-wheel-drive, turbo V8-powered GTC4 Lusso T for the first time at an auto show. As you can tell, the Paris show is a busy one for Ferrari. That's fine with us. Related Video: Featured Gallery Ferrari LaFerrari Aperta: Paris 2016 View 21 Photos Related Gallery Ferrari LaFerrari Spider Related Gallery Ferrari 488 Spider 70th Anniversary Edition: Paris 2016 View 10 Photos Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog Design/Style Paris Motor Show Ferrari Convertible Performance ferrari laferrari 2016 paris motor show ferrari laferrari spider ferrari laferrari aperta