Initial Public Offering (‘IPO’) of Ferrari Report Case Solution
FCA Announces Launch of Ferrari
The initial public fffering of 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”) announced that Ferrari has launched its initial public offering ("IPO"). FCA, currently holding 90% of Ferrari’s issues and outstanding share capital, intends to sell 17,175,000 common shares of Ferrari, which are equal to approximately 9% of Ferrari’s common shares pursuant to a registration statement on Form F-1 filed with the U.S.
ecurities and Exchange Commission (the "SEC"). After the IPO, FCA will own 80% of Ferrari (if underwriters exercise their option to purchase additional shares in full). Ferrari is not selling any shares and will not receive any proceeds from the sale of common shares by FCA. This offering is intended to be part of a series of transactions to separate Ferrari from FCA.....................
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