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Ferrari officially files SEC paperwork to register future IPO

Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.

Leaked Ferrari presentation drops details on super hot 488

Ferrari convened a gathering of dealers and special customers recently, and presented them with some of the specs on that special, monstrous version of the Ferrari 488 that's been percolating in public for nearly a year. Someone in the audience snapped pics of a few slides, those pics made their way to Ferrari Photo Page, and now we can assemble the loose bolts of rumor into something approaching a real vehicle. Not just "a" vehicle, but the most powerful Ferrari V8 the company has ever made. Ferrari uses the 488 GTB as the base for its Ferrari Challenge racing series; now the Italian carmaker's returned the Challenge motorsport lessons to the production car. First, the coupe almost certainly won't be called 488 GTO. Ferrari owners in the Ferrari Chat forum have been wheedling their dealers for information, and several contributors to an 80-page thread attested that even the dealers don't know the name of the coupe yet. The presentation refers to it as "New V8 Sport Special Series." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The slides also note the "highest horsepower increase vs donor car for a V8 special series," so watchers expect more than 700 horsepower from the 488's 3.9-liter twin-turbo engine; production numbers come in at 660 horsepower and 561 pound-feet of torque. The engine making all that fuss is an evolution of the racing unit in the Challenge car, is ten percent lighter than the production car motor, and can produce a "unique track-like sound" – as if Ferraris haven't been doing that since the 1960s. The coming coupe gets more carbon fiber than ever seen in a Ferrari production car: the hood, bumpers, and large rear spoiler come in resin-soaked cloth, as do the dashboard, center tunnel, and the 20-inch wheels. Those wheels, dressed in Michelin Pilot Sport Cup 2 rubber, are 40-percent lighter than stock alloys. The cabin floor will be made of aluminum, with added lightness courtesy of less sound deadening and, thinner fixtures like side windows, and the omission of non-essential parts like the glove compartment. New S-ducts in front and a GTE-inspired rear diffuser help increase aero efficiency by 20 percent over the standard 488.

2019 Ferrari 488 Pista First Drive Review | Quantum physics

MARANELLO, Italy — Ferrari's special-edition V8s have a long history of delivering more than the sum of their individual parts. The 360 Challenge Stradale (2003), 430 Scuderia (2007), and 458 Speciale (2013) each leapfrogged the capabilities of their donor cars to cement their notoriety in supercar history. The latest in that lineage is the Ferrari 488 Pista, a hopped-up variant that is the most powerful road-going V8 in Ferrari history. The Pista is so quick that its lap time around the company's own private Fiorano circuit is only 1.8 seconds behind the LaFerrari. With 49 more horsepower pushing around 198 fewer pounds, the $345,300 488 Pista looks, at least on paper, like a no-brainer for deep-pocketed speed fiends. But there are also a slew of tiny changes that alter its persona — 50 percent of the engine components are new — as well as intangible characteristics. The carbon fiber intake manifold, for instance, shaves weight but also features shorter, lower-volume intake runners for better throttle response. The turbocharger's turbines are composed of a new aluminum-titanium alloy that slashes inertia in half, trimming the powerplant's already minimal turbo lag. Titanium connecting rods aid cylinder acceleration. And new robot-welded Inconel exhaust manifolds are 10-percent wider and slightly longer, offering reduced back pressure and a throatier note. Coupled with reduced sound-deadening materials, the pipes are responsible for more engine sound reaching the cabin. Before tackling the famed Fiorano track, I drive the 488 Pista on the street to see what 710 horsepower in a twin-turbo Ferrari feels like, and my first impressions came on thick. Sure, there's the expected interior upgrades of copious Alcantara and carbon fiber, visible aluminum floor plates, and massive carbon paddles borrowed from the 488 Challenge race car. Hold the red steering wheel-mounted engine start button with a press of the big drilled aluminum brake pedal, and the 3.9-liter V8 fires up with a noticeably more bass-heavy thrum than before, the first hint that this is an entirely different beast than the off-the-rack 488. Leave the seven-speed dual-clutch in automatic, and gearshifts happen remarkably smoothly, even in the second-most aggressive "CT Off" mode, which removes traction control but keeps stability control active.