Feeding Frenzy: Demand Far Exceeding IPO Stock Offering For Ferrari

Ferrari NV’s initial public offering is oversubscribed throughout its price range as investor interest in the supercar maker outstrips the shares available, people familiar with the matter said.

Investors had indicated to bankers last week before the sale began that demand would far exceed the available number of shares, and those predictions have been borne out, said the people, who asked not to be named because the process is private. The books close on Monday at 4 p.m. in all regions, two of the people said.

The interest in Ferrari comes as investors have shied away from other IPOs. Three U.S. offerings faltered within about a week this month, as Digicel Group Ltd. canceled a sale, First Data Corp. priced shares below a marketed range and Albertsons Cos. postponed its offering.
 

absent - 10/16/2015 3:51:26 PM

0 Boost

No one is buying it as an investment, rather as a novelty and for bragging rights ("I own Ferrari stock!")

GMCadillac - 10/16/2015 4:14:55 PM

0 Boost

I think this is true.

When people go crazy over Ferrari and such Ultimate European brands,

No one cared about Hummer and it died out. And now Viper is about to disappear, too. Sigh

keshav001 - 10/17/2015 1:21:03 AM

+1 Boost

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