CNBC's Josh Lipton reports on the ride-hailing app's progress and the possibility of a float.» Read More
Angelo Meda, head of equities for BANOR SIM, says Italian shares in domestic companies are set to rebound as long as Prime Minister Matteo Renzi's reforms deliver.
Ferrari's brand is appealing to both car-owners and investors, but it must balance its priorities, says James Chao, director for Asia Pacific at IHS Automotive Consulting.
Investors are awaiting Fed's decision while grappling with bad news from U.S. heavyweights like Wal-Mart and IBM, says Keith Fitz-Gerald, chief investment strategist at MoneyMorning.com.
Ferrari's float is an affordable opportunity for investors to take part in a luxury brand instead of a generic one, remarks Frank Troise, senior VP at Infinity Partners.
The strategy paid off, as the IPO was priced in New York on Tuesday at $52 per share, the top end of its indicated $48 to $52 per share range, according to people familiar with the matter. Payment processor First Data Corp priced this year's biggest public offering below its indicated range, while supermarket operator Albertsons Companies Inc had to postpone its...
Oct 20- Ferrari NV raised $893 million in its initial public offering, pricing it at the top of expectations, according to a person familiar with the matter. The IPO was priced in New York on Tuesday at $52 per share, the top of the previously indicated range of $48 to $52 per share, the person said. The IPO gives Ferrari a market capitalization of around $9.8 billion.
In one of the top IPOs of the year, Ferrari shares will be offered at an IPO price of $52 per share.
Rich Peterson, S&P Capital IQ director of valuations and risk strategies, explains why Ferrari will prove the IPO market is far from dead.
Virtu Financial trader Matthew Cheslock discusses how a strong Ferrari IPO could jump-start a quiet market.
Behind the emotional pull of Ferrari, fundamental market facts seem to have gotten lost in its IPO.
Only a handful of IPOs have been priced above $50, which puts Ferrari in rare territory if it does indeed price as high as $53, with CNBC's Kate Kelly.
Oct 20- Luxury carmaker Ferrari's initial public offering could be priced as high as $53 per share, CNBC reported, citing sources. At that price the company would be valued at $10 billion. The price is above the previously indicated range of $48- $52 per share for the IPO.
CNBC's Kate Kelly tracks the Ferrari IPO, with interest supporting a price level as high as $53 per share.
Ferrari will ramp up production to 30 percent to 9,000 cars by 2019, at a time when demand remains uncertain, reports CNBC's Robert Frank.
BEIJING/ HONG KONG, Oct 20- China International Capital Corp, the country's top domestic investment bank, is set to launch an initial public offering in Hong Kong next week, seeking to raise about $800 million, IFR reported on Tuesday. CICC is backed by private equity firm KKR& Co, TPG Capital and Singapore sovereign wealth fund GIC Ltd.. Government-controlled CICC...
There is so much demand out there, says CNBC's Robert Frank with a look at what to expect when super automaker Ferrari makes its public debut on Wednesday.
Gavin Parry, MD at Parry International Trading, discusses the post-privatisation outlook for Japan Post Holdings and its two financials subsidiaries.
CNBC's Robert Frank reports on halo cars, hyper-performance and hyper-priced cars that create a halo around Ferrari.
CNBC's Phil LeBeau reports on the Ferrari IPO. About 17.2 million shares are being offered up, reports LeBeau.
One of the 67 IPO deals to be pulled or postponed happened last week for Albertsons. CNBC's Kate Kelly looks at the increase in postponed IPOs.