Wednesday, October 21, 2015

Ferrari Strong Off The Line

Ferrari stock was strong off the line on its IPO. The company's stock, which was priced at $52 in the IPO opened at $60, a 15.4 percent price jump, before closing at $55, a 9.5 percent price increase. The company raised $893 million in its IPO, which could increase to $982 million if the Green Shoe option is exercised.