Ferrari officially priced its initial public offering at $52 a share after the market close on Tuesday.
According to the sources familiar with the matter, the demand for shares was "well oversubscribed." The company has been planning its trading debut for Wednesday.
The price is at the top of the previously indicated range of $48 to $52 per share and gives Ferrari a market capitalization of around $9.8 billion. As part of the planned IPO, the carmaker is floating about 17.18 million shares to the public, representing about 9 percent of the company. Ferrari raised nearly $900 million in public capital in the process.