REUTERS - Luxury carmaker Ferrari’s initial public offering could be priced as high as $53 per share, CNBC reported, citing sources.
At that price the company would be valued at $10 billion. The price is above the previously indicated range of $48-$52 per share for the IPO.
Ferrari is expected to start trading as public company on Wednesday.
Reporting by Rachel Chitra in Bengaluru; Editing by Savio D'Souza