On Wednesday, Ferrari Chairman Sergio Marchionne rang the opening bell at the New York Stock Exchange. This marked the day that Ferrari became a publicly traded company, with its shares listing on the NYSE under the ticker symbol RACE. Per a recent NBC News article, "The IPO put the initial share price at $52....In early trading, the stock jumped $8.50 a share, to $60.50." You can see footage from the historic day below.
The Maranello-based company, founded in 1929 by Enzo Ferrari, is valued at almost $10 billion. You can read the NBC article that looks at the NYSE debut here: http://www.nbcnews.com/business/markets/ferrari-blasts-down-road-not-taken-until-now-nyse-listing-n448451.
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