Ferrari shares race to $60, vs IPO price of $52
Ferrari
New York - Arab Today
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Shares of legendary supercar maker Ferarri raced to as high as $60 as they first traded on the New York Stock Exchange Wednesday, 15 percent above the IPO price of $52. Owner Fiat Chrysler Automobiles spun off nine percent of the luxury mark on Tuesday, with the subscription price valuing the company at a heady $10 billion. |
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