Ferrari Will Not Release IPO For Several Years

Ferrari Will Not Release IPO For Several Years

Ferrari head Luca Cordero di Montezemolo denied reports that the company was planning to go public. “There are no current plans (to list the company). Perhaps in three, four or five years. There is no project now. Maybe there never will be,” he told Reuters.

There was brief speculation that Ferrari would be listed on stock exchanges separately from parent company Fiat.

[Source: Reuters]

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