Ferrari readies to launch IPO on Wall Street

July 24, 2015 00:41

The maker of Italy's iconic Ferrari sports car officially filed with US regulators on Thursday its plans to launch an initial public offering on Wall Street, parent company Fiat Chrysler Automobiles said today.

FCA announced in October that it would spin off its famed sports cars and seek an IPO. Now Ferrari intends "to be listed on the New York Stock Exchange," the auto group said in a statement.

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