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Ferrari prices IPO at $52 a share, top of expected range -source
October 20, 2015 / 8:59 PM / 2 years ago

Ferrari prices IPO at $52 a share, top of expected range -source

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)

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