Ferrari’s initial
public offering priced at the top of expectations, showing investors are
willing to pay up for a company with a strong brand. The deal was seen as a victory for
Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne, but wasn’t necessarily indicative
of a resurgence of strength in the broader IPO market, investors said. In recent
weeks the IPO market has appeared to cool, with some brand-name deals
postponing their offerings and others pricing or trading below expectations. Ferrari IPO Prices at Top of Range - WSJ
public offering priced at the top of expectations, showing investors are
willing to pay up for a company with a strong brand. The deal was seen as a victory for
Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne, but wasn’t necessarily indicative
of a resurgence of strength in the broader IPO market, investors said. In recent
weeks the IPO market has appeared to cool, with some brand-name deals
postponing their offerings and others pricing or trading below expectations. Ferrari IPO Prices at Top of Range - WSJ
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