Fiat Chrysler Automobiles N.V. (FCA) announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of common shares currently held by FCA.
The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10 percent of the outstanding common shares. In connection with the IPO, Ferrari intends to apply to list its common shares on the New York Stock Exchange.
UBS Investment Bank, BofA Merrill Lynch and Banco Santander are acting as joint bookrunners for the offering and UBS Investment Bank is acting as global coordinator.
