Piero Ferrari and Exor N.V. complete the ownership of Ferrari, which is mostly owned by the general public.
In This Article...
article substance
Since it was established in 1929 by Enzo Ferrari in the northern Italian town of Maranello, the automaker has been a privately held business. Fiat acquired a 50% investment in the business in 1969, and in 1988 it increased that stake to 90%.
The IPO helps existing parent company Fiat Chrysler Automobiles obtain necessary funds and reduce debt at the seventh-largest automaker in the world, which has big aspirations to grow brands like Alfa Romeo and Maserati.
Ferrari
The automaker is the subject of this essay. See List of Ferrari Road Cars for a list of the road models that Ferrari has made. Scuderia Ferrari is the name of the Formula One team. Ferrari, the 2003 biographical movie Enzo Ferrari is the name of the founder. Ferrari has other uses as well.
In 1969, Fiat S.p.A. purchased 50% of Ferrari, and in 1988, it increased its ownership to 90%. Fiat Chrysler Automobiles (FCA), which at the time of the announcement owned 90% of Ferrari, said in October 2014 that it intended to separate Ferrari S.p.A. from FCA. The reorganization that made Ferrari N.V. (a Dutch business) the new holding company of the Ferrari S.p.A. group and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange marked the beginning of the separation in October 2015. The remaining parts of the split involved distributing FCA’s investment in Ferrari’s business among FCA shareholders, with Piero Ferrari continuing to retain 10% of it. The spin-off was finished on January 3, 2016.
The business has garnered attention for its ongoing involvement in racing throughout its history, particularly in Formula One, where it is the oldest and most successful racing team, having won the most constructors’ championships (16), as well as the most drivers’ championships (48). Ferrari road vehicles are frequently regarded as a representation of riches, elegance, and speed. The 165,000 square meter (16.5 hectare) Maranello facility is where Ferrari automobiles are made. Ferrari was named the most powerful brand in the world in 2014 by Brand Finance. By market capitalization as of 2021, Ferrari ranks as the tenth-largest automaker at $52.21 billion.
Ferrari will eventually go public.
Ferrari will soon become a distinct, publicly traded company in the United States and maybe in Europe, according to Fiat Chrysler Automobiles (FCA), which made the announcement today.
The business said that it will sell 10% of its stake in the storied exotic vehicle manufacturer in an IPO and will distribute FCA stockholders with 80% of the shares of Ferrari. Piero Lardi Ferrari, the second and only surviving child of business founder Enzo Ferrari, is the owner of the remaining 10%.
“It is proper that we pursue distinct pathways for FCA and Ferrari as we go forward to secure the 2014-2018 business plan and work toward maximizing the value of our businesses to our shareholders,” CEO Sergio Marchionne said in a statement.
In the coming years, Marchionne aims to boost Ferrari sales, which might lessen the exclusivity of the vehicles.
Ferrari’s IPO generated a lot of hype.
Eight immaculate Ferraris were parked outside the New York Stock Exchange in Manhattan on a chilly October morning.
Ferrari was a private business for the majority of its existence. Both Fiat Chrysler and the Ferrari family owned it. When Ferrari went public on October 20, 2015, everything changed.
Individual investors could now purchase stock in the corporation for the first time, and many were clamoring to get involved.
Under the ticker “RACE,” Ferrari started trading on the New York Stock Exchange (NYSE). There was a lot of hype, as expected.
Ferrari is one of the sexiest companies around. When they “make it,” ambitious young people want to buy a Ferrari. Older people purchase Ferraris to relive their youth.
Who is the current Ferrari owner?
Investors are Ferrari’s largest shareholder, followed by Piero Ferrari, Enzo Ferrari’s second son, and Exor N.V., who together make up the remainder of the company’s ownership. Family members of Giovanni Agnelli, one of Fiat’s initial founders, run the business Exor N.V.
Fiat still owns Ferrari, right?
While Enzo Ferrari founded the Scuderia Ferrari racing team in 1929, the Italian firm Ferrari has been producing sports vehicles since 1947. Ferrari formally severed ties with its former parent firm Fiat Chrysler Automobiles in January 2016.
Who is the Ferrari family?
The Agnelli family, proprietors of the iconic Italian sports cars Ferrari and Juventus, have acquired a 24 percent share in the French high-fashion company Christian Louboutin, known for its red-soled shoes.
The Agnelli family’s Exor holding business is making the 541 million euro ($642 million) investment, which will give them two out of the board’s seven members.
The statement pointed to China and added, “Exor’s drive to growing great companies makes it an appropriate partner for Christian Louboutin at a time when this established brand is set to grasp major new potential.”
More than 150 locations are operated by Louboutin across 30 nations, and the company plans to expand its online presence.
John Elkann, the CEO of Exor, claimed in the statement that he was “quite eager to collaborate in order to hasten the growth of this innovative company. We have a similar family-oriented culture and set of values, which forms the cornerstone of our successful collaboration.”
In 1991, Christian Louboutin founded his company in Paris. His classy women’s shoes soon gained a following, and then he introduced lines for men.
The Economist Group, Shang Xia, PartnerRe, Ferrari, Stellantis, CNH Industrial, GEDI Gruppo Editoriale, and Exor are some of the oldest and biggest holding businesses in Europe, with assets under management estimated to be worth $29 billion.
Does Ferrari produce Maserati?
Ferrari eventually sold Fiat its stake in Maserati, and Ferrari will stop making Maserati engines in 2022. Maserati will then take care of production. One of its own engines, the Maserati Nettuno engine, has already been created and will make its premiere in the future Maserati MC20.
How numerous Ferrari owners are there?
Many of those individuals have owned many Ferraris. Let’s assume that three is the average. Let’s assume that 400,000 or so people have owned one. Given that there are approximately 8 billion people on the earth, roughly 1 person in every 20,000 owns one.
Ferrari’s IPO: Why did it happen?
Ferrari’s decision to float on the New York Stock Exchange: why? The Italian-American automaker decided to list on New Work – Wall Street. The largest stock exchange in the world is the New York Stock Exchange (NYSE), and Ferrari likely wanted to focus on that market first.
How much is a Ferrari owner worth?
Italian businessman Piero Ferrari has a $5.2 billion fortune. Enzo Ferrari’s sole surviving son is Piero, who is also his only sibling. In addition to being the organization’s vice chairman, Piero owns 10% of the Ferrari car firm. In addition, he owns little more than 13% of Ferretti Group, a global shipbuilding company. In October 2015, Ferrari began trading publicly. With the public offering, Piero achieved on-paper billionaire status. Between November 2021 and November 2015, the stock price of Ferrari more than doubled, and Piero’s net wealth surpassed $5 billion for the first time.
Because divorce was prohibited in Italy and Piero was born to his father’s lover Lina Lardi, he could not be recognized as a member of the Ferrari family until Laura, his father’s wife, passed away in 1978.
Who has the largest collection of Ferraris?
The Sultan Hassanal is not the only member of the royal family that enjoys automobiles. Six 456 GT Venice Ferrari station wagons were ordered by his brother, Prince Jefri. The collection also includes an F90, a 1995 FX (the Sultan requested six of these cars), two 250 GTOs, and an F40, among other notable Ferraris.
There are several, numerous more. actually too numerous to list. The world’s largest automobile collection is so extravagant and lavish that it makes people cringe. However, every vehicle enthusiast must take a moment to collect themselves before leaving this literal sea of luxury due to the collection’s sheer size, worth, and beauty.
How many automobiles do Ferrari sell annually?
After being constructed in Maranello, Italy, Ferraris are sold annually at a rate of about 8,400. This may seem like a minor quantity to other automakers, but considering Ferrari’s rigorous engineering and dedication to manufacturing as many of their vehicles by hand as they can, it’s rather remarkable.
How much is a Ferrari?
An interactive graph shows Ferrari’s (RACE) historical market capitalization (net worth) over the previous ten years. A company’s market capitalization, or the current stock price multiplied by the number of outstanding shares, often represents how much it is worth. Ferrari has a $36.12 billion market value as of September 14, 2022.
Ferrari N.V. is a company that creates, produces, and sells sports automobiles. Its offerings include two grand tourer (GT) vehicles, the California T and FF, as well as sports car types including the 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, and 458 Speciale. The company also creates one-off, limited-edition, and supercars like the LaFerrari. Its primary operating regions include Greater China, Europe, the Middle East, India, Africa, the Americas, and the rest of Asia-Pacific. The headquarters of Ferrari N.V. are in Maranello, Italy.
Is Lamborghini traded publicly?
The epidemic is negatively affecting automakers as a whole. Surprisingly, Lamborghini doesn’t appear to be one of them. The manufacturer of luxury Italian sports cars has just reported its greatest September ever after producing personal protection equipment for a while and then shutting down their factory. They delivered 738 cars in September.
As Reuters reported this week, Volkswagen is “drawing up plans to split out Lamborghini and has sounded out bankers and possible investors about putting the Italian sports car maker on the stock market.” As a result, your stock portfolio may soon be able to benefit from that relentless success.
Since Lamborghini is a part of the Audi brand, which was until this summer majority-owned by the Volkswagen Group (the conglomerate, not just the Volkswagen brand), it is now not possible to purchase Lamborghini stock on its own. In conclusion, it appears like VW has been attempting to spin off Lamborghini for some time, and an IPO may be on the horizon.
What’s the story here, then? Why should Lamborghini be taken out of the barn and sold on its own? According to Reuters, Fiat Chrysler did the same with Ferrari in 2016, and since then, the worth of that ultra-luxury Italian automaker has increased thrice.
For what it’s worth, all of this information comes from unnamed sources, and for the time being Volkswagen has chosen not to confirm or refute it. Although astute investors may soon be able to buy in (read: cash in), there won’t be a new majority owner anytime soon, according to a source who spoke to Reuters. “Volkswagen would keep a controlling position in the supercar brand if it were to list,” the source said.
Why does Ferrari have a S?
The famous Italian air force fighter during World War I, Count Francesco Baracca, was the real owner of the prancer (the cavallino rampante). That identical pattern was printed on the side of his plane. Before being shot down on June 19, 1918, Baracca, who the Italians regarded as their national hero, had won approximately 30 dogfights.
- Considering that his group was a cavalry corps
- owing to the fact that his wealthy family kept horses on their estate
- Considering that he took the artwork from a German pilot’s aircraft that included the Stuttgart city emblem
But it wasn’t until 1923 that Enzo Ferrari met Baracca’s parents, who begged Ferrari to adopt their son’s artwork as a good luck charm on his automobiles.
The yellow backdrop of the emblem represents the city of Modena, Italy, where Enzo was born. Scuderia Ferrari is the name of the company’s racing branch, and the two letters next to the horse, S and F, represent for that. The Italian national colors are represented by the red, white, and green stripes at the top of the emblem.
Interested in thinking about car logos like Ferrari’s? See more of our Behind the Badge series, which explores amazing auto logos!