Ferrari roared onto the New York Stock Exchange Wednesday and its shares, trading under the ticker symbol RACE, closed higher in their public debut.
Shares of Ferrari climbed almost 17 percent in early trading and settled for the day at $55, up 6 percent while the broader markets edged lower.
The automaker, based in the northern Italian town of Maranello, had been a private company since its founding in 1929 by Italian sports driver Enzo Ferrari.
In 1969, Fiat bought a 50 percent stake in the company … More
This entry was posted
on Wednesday, October 21st, 2015 at 1:45 pm and is filed under Automobile, Business news, Sports Car.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.