Question

What is the significance of Ferrari, when going public in 2015 on NYSE, also listing three months later on the Borsa Italiana stock exchange? Find another example of this.

Answer 1

Ferrari went public to pay off its debt. The company holds 10℅ of its shares and the remaining 90℅ were held by David Chrysler. The 80℅ of the shares are distributed to the public in an IPO for around 17$ billion each valuing between 48 - 52$.

The company made its global presence and by taking the company public they raised money and distributed their wealth. In order to make it more exclusive.

Listing it on Italian Stock exchange was also a big step as it would go beyond limits in its operations, they had huge expansion plans.

Another one like this would be Saudi Aramco who is going public in 2018. This is the largest company for oil exploration in Saudi Arabia, after IPO it would become the world's top public company beating Apple Inc.