No Plans for Ferrari IPO Says Chairman
Earlier this month, Italian exotic automaker Ferrari debuted its new F12 Berlinetta at the 2012 Geneva Motor Show. Ferrari Chairman Luca Cordero di Montezemolo was responsible for the unveiling of the F12 Berlinetta, and now he is once again denying reports of a Ferrari IPO.
Despite addressing these rumors last month about Ferrari going public, new ones surfaced when Italian business tabloid MF said a number of investment banks visited Fiat‘s office to propose a listing last week. Nonetheless, Luca Cordero di Montezemolo has reassured the public that Ferrari is indeed not going public anytime soon; though Sergio Marchionne, Fiat CEO, has left open the possibility of an eventual listing.
By going public, Ferrari has the potential to raise funds for its parent company, Fiat, by leveraging the popularity of its luxury moniker.
GALLERY: Ferrari F12 Berlinetta
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
More by Jason Siu
Comments
Join the conversation