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Ferrari IPO

Discussion in 'Ferrari Discussion (not model specific)' started by teflon, Mar 1, 2004.

  1. teflon

    teflon Formula Junior

    May 16, 2003
    330
    Full Name:
    Greg A
    From: Autosport

    Fiat postpones Ferrari IPO

    Fiat Auto, which had been planning an initial public offering (IPO) of its Ferrari Maserati business in the summer of 2004, has decided to postpone the flotation, citing unfavourable Italian stock market conditions. Reporting an 8.8 percent drop in sales in its 2003 fiscal year, and losses of almost €2bn, CEO Giuseppe Morchio said: "We must delay this operation. The conditions are not right today."



    Greg A
     
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  3. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    Suuuuuuuprise. I think Alex, Brian, Doody and myself made some accurate predictions about this earlier. To wit "no ****, sherlock!"

    --Dan
     
  4. beast

    beast F1 Veteran

    May 31, 2003
    8,965
    Lewisville, TX
    Full Name:
    Rob Guess
    You can always invest in Fiat FIA right now the stock is under $8.00 a share and has climbed over 50 cents in Februaray.
     
  5. Horsefly

    Horsefly F1 Veteran

    May 14, 2002
    6,929
    Time to wash some stock.
     
  6. ghost

    ghost F1 Veteran
    Lifetime Rossa

    Dec 10, 2003
    9,839
    Singapore
    Is that the only thing she's washing?!
     
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  8. Victory

    Victory Formula Junior

    Jan 28, 2004
    410
    There a correction to the headline. FIAT Auto does not own Ferrari. FIAT SPa, the holding company owns Ferrari-Maserat as well as FIAT Auto.
     

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