Ferrari Group IPO priced at 8.6 euros, shares up almost 5% in Amsterdam debut (updated)

Ferrari

13/02/2025 09:11

(Adds statement, shares price)
       ROME, Feb 13 (Reuters) - Luxury logistics company
Ferrari Group  FERGR.AS  said on Thursday it priced its initial
public offering at 8.60 euros per share, just above the midpoint
of its indicative price range. 
    Ferrari Group's shares were up almost 5% in early trading on
its debut on the Amsterdam bourse.
    The IPO price gave the company an initial market
capitalisation of 785 million euros ($818 million). 
    The founding family sold 25% of existing shares in the
company, with books covered throughout the range on the full
deal size, a bookrunner had said last week. 
    The group was founded in 1959 and focuses on shipping luxury
goods such as high-end watches and jewellery. 
  ($1 = 0.9601 euros)

 (Reporting by Giulia Segreti, editing by Gianluca Semeraro and
Keith Weir)
 ((Giulia.Segreti@tr.com; +39.06.80307714;))