Ferrari now has a higher value on the Milan stock market than its former parent company Stellantis. The Italian sports car maker’s share price increased 34 percent this year to make the business worth $53.9 billion. Meanwhile, Stellantis has an assessment of $51.48 billion, according to Automotive News Europe.
FCA (now Stellantis) spun off Ferrari in 2015 and registered it on the stock exchanges in New York and Milan. The initial public offering price was $52 a share. As of this story’s publication, the stock now costs $295.73 a share.
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