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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").

Petrolicious documents the motorsport-changing Ferrari 512M

Petrolicious has had plenty of beautiful cars and big-time personalities in its videos, but today's interview is sees one of the series' most well known subjects - US Formula 1 commentator David Hobbs.
Hobbs is an accomplished racer, capturing a number of podiums and a pair of class wins at the 24 Hours of Le Mans, in addition to short stints in F1 and at the Indianapolis 500. One of his Le Mans runs was behind the wheel of this, the Ferrari 512M, a car that's notable for two things - running a 1971 season that included the 24 Hours of Daytona, 24 Hours of Le Mans, 12 Hours of Sebring and Watkins Glen 6 Hour races. The other thing it's known for? Failing to win a single one of those enduros.
Still, the Ferrari 512 is one of the Italian marques most iconic 1970s racers and Hobbs' example is a proud member of that breed, delivering a delicious 5.0-liter V12 exhaust note that makes this an easy video to sit through.

The SP275 RW Competizione is the latest one-off from Ferrari

They say money can't buy happiness, but I disagree. I'd be very happy if I had enough cash to have Ferrari's Special Projects team build me a bespoke variant of any one of its current crop of cars. The group's latest creation, the SP275 RW Competizione you see here, was shown for the first time at the year-ending Finali Mondiali event at Daytona International Speedway. Details are scarce, but the 275SP appears to be based on the Ferrari F12 Berlinetta in either standard or TdF guise. (The F12 TdF debuted at last year's Finali Mondiali.) Based on design elements like the louvers behind the wheels, it seems likely that the new model started as a TdF. That means special touches like a front-mid-mounted 769-horsepower V12 and rear-wheel steering. It also means a 0–60 mph time of 2.9 seconds. It's difficult to say how much the 275SP weighs, though the F12 TdF is about 240 pounds lighter than the standard F12 Berlinetta. Looks are subjective, so you'll have to decide for yourself whether the new styling queues, like a redesigned front fascia, hood, doors, and glass, are an improvement. It's unlikely you'll find this particular shade of gold on another Ferrari. To my eyes, it looks like the Solarbeam Yellow hue that's available on the Mercedes-AMG GT for $9,900. The takeaway should be that if you have the means, Ferrari Special projects will build whatever you want. Look to the F12 TRS or the F12 SP America for more examples. Money may not buy happiness directly, but it will sure as hell buy you a nice Ferrari. Related Video: Featured Gallery Ferrari SP275 RW Competizione View 16 Photos Image Credit: Copyright 2016 Drew Phillips / Autoblog Design/Style Ferrari Coupe Supercars ferrari f12 berlinetta ferrari f12 ferrari f12 tdf