Company IPO

What you need to know about Ferrari before the IPO

The first public offering of the company is expected this Friday, its volume can be 1 billion dollars. Here's what an investor needs to know, to be fully armed. Ferrari, which in July presented plans for the placement of about 10% shares on the New York Stock Exchange, may conduct an IPO this week. 90% automaker belongs to the Italian-American concern Fiat Chrysler Automobiles (NYSE: FCAU). The rest are owned by Piero Ferrari, son of the founder of the company. IPO is part of a series of moves, designed to completely separate Ferrari from FCA, which plans to transfer the remaining 80% company securities to its shareholders. Ferrari itself will not receive any income from this - the sale of shares will be carried out by FCA. Expected, that the process will be completed by mid-October. Swiss financial holding UBS will act as global coordinator and bookrunner along with Bank of America, Merrill Lynch и Santander Investment Securities. Here are seven facts, things to know about Ferrari ahead of its IPO.

Twitter: Twitter investors rushed

On Friday, shares of a bankrupt Boston retailer, liquidated back in 2008 year, took off on 1800%, with less 1 cent per share to 15 cents due to confusion over Twitter's IPO announcement. Boston Tweeter shares traded under the symbol TWTRQ, but in Google Finance they appear as "TWTR Inc". Twitter announced, that their symbol would be TWTR, some investors rashly began to buy TWTRQ until FINRA stopped trading on Tweeter at about 684% growth "due to significant uncertainty".

Yandex made an official statement about the IPO at the end of May

The management of "Yandex" announced that, that at the end of May will place the company's shares on the American stock exchange NASDAQ. The application required for this has already been submitted to the US Securities Commission. Yandex begins pre-marketing of its IPO early next week, as reported by Reuters, citing three sources in the financial market.

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