Oct 20 (Reuters) - Ferrari NV raised $893 million in its initial public offering, pricing it at the top of expectations, according to a person familiar with the matter.
The IPO was priced in New York on Tuesday at $52 per share, the top of the previously indicated range of $48 to $52 per share, the person said. The IPO gives Ferrari a market capitalization of around $9.8 billion.
The source asked not to be identified because the pricing details of the IPO were not yet public. Ferrari did not immediately respond to a request for comment. (Reporting by Lauren Hirsch in New York; Editing by Leslie Adler)