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Ferrari stock demand exceeding supply

As with the Ferrari cars, so it is with shares in the company's initial public offering: When Ferrari has a limited quantity of something to sell, demand far outstrips supply. Investors told banks weeks ago that bids for the $1 billion in stock – up to 18.89 million shares – would exceed the number of shares available over the entire expected range of $48 to $52. Ten percent of the company is going on the block' Bloomberg reports that the books close on the IPO on Monday at 4:00 pm. The final price will be set on Tuesday, and trading will begin Wednesday under the ticker symbol RACE on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, will hold onto the ten-percent stake he currently has in the company. Fiat Chrysler will disburse the final 80 percent to its investors sometime in 2016. In combination with spinning Ferrari off from its parent company next year, the share sale is expected to put $4 billion into Fiat Chrysler coffers, which will be used to help fuel the growth of Alfa Romeo, Jeep, and Maserati. Assuming all goes to plan, Bloomberg says Ferrari will be valued at roughly $12 billion, a number $1 billion greater than the valuation Fiat Chrysler CEO Sergio Marchionne put on Ferrari earlier this year and higher than the brand's own internal assessment. Related Video:

Fiat to list on New York Stock Exchange?

Citing the ever-nebulous "two sources close to Fiat," Reuters is reporting that the Italian automaker and owner of the Chrysler brand is likely to list itself on the New York Stock Exchange. The move could reportedly happen as soon as 2015, marking the end, at least in the minds of investors, of Fiat's 115-year base in Turin, Italy.
The Italian government is not likely to react favorably to Fiat's potential move from Italy to the United States, despite initially positive reactions to Fiat's landmark final purchase of Chrysler, the third-largest automaker in the US. Fiat spent $3.65 billion to buy out the 41.46-percent stake in Chrysler that had been owned by the United Auto Workers' VEBA trust fund.
With little sign of a swift European recovery, Fiat has little choice but to focus on markets outside its traditional home, and a listing in New York could potentially be a boon for investors. According to International Strategy and Investment analyst George Galliers, speaking to Reuters, "People [would be] more likely to think of the entity in the same context as they do Ford and GM" if it were listed on the NYSE.

This sweet Fiat 500 Lego kit could be a reality if it gets enough support

Lego has been on a roll the last couple years with kits for automotive gearheads, and there's no end in sight. The company just released a sweet VW Beetle kit and will soon launch a Caterham kit. That's no reason not to ask for more though, so we encourage you to support this Fiat 500 project. The project is on the Lego Ideas website, where people can upload projects to share with other builders. The website also lets people support their favorite projects, and with enough votes, the kit will officially be considered for production. In fact, that's what happened with the aforementioned Caterham kit. Why support this Fiat project, though? Well, just look at it. The quality is excellent, which is evident by how well the compact and curvy lines of the little Italian are captured in the blocky medium. It also has all the details consistent with Lego's most recent kits such as badge and license plate stickers, a comprehensive interior with pedals and tilting seats, opening doors, and a tiny brick version of the two-cylinder engine. The creator, who interestingly goes by the name saabfan, also added special touches like a removable luggage rack and a sunroof that can be opened up. And wouldn't the Fiat 500 be an excellent complement to Lego's Beetle and Mini Cooper kits? Even if this project receives enough support, it's no guarantee that it will make it to production. Licensing would be a big road block to a retail release, but it's not impossible. So check out the video above to see some of the great details, and head over to the project page to vote for it. Related Video: News Source: saabfan / Lego IdeasImage Credit: Gabrele Zannotti Toys/Games Fiat Hatchback Videos Lego cinquecento lego ideas