1963 Black 1 Own 413 Runsdrives Nice Bodyinter Vgood! on 2040-cars
Derry, New Hampshire, United States
Body Type:Sedan
Engine:413 Cubic Inch V8
Vehicle Title:Clear
For Sale By:Dealer
Used
Year: 1963
Number of Cylinders: 8
Make: Chrysler
Model: Imperial
Mileage: 55,843
Sub Model: 1 Own 413 RunsDrives Nice BodyInter VGood
Transmission Description: Three Speed Push Button
Exterior Color: Black
Number of Doors: 4
Interior Color: Gray
Drivetrain: Rear Wheel Drive
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Sun, Oct 18 2015As 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:
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