Luxury sports carmaker lists on recent Yorks Stock Exchange with stock price rising 7% in early trading,putting company value at $11bnFerrari shares got off to a flying start when the luxury Italian sports car company, founded by motor racing driver Enzo Ferrari in 1929, or floated on the recent York Stock Exchange on Wednesday.
Shares in the company,which listed under the stock ticker RACE, spiked 17% from its initial public offering price when the market opened before settling 7% higher, or at $55,valuing the prancing horse at just over $11bn (£7bn). Continue reading...
Source: theguardian.com