Fiat Chrysler cars N.V. FCA, -zero.forty two% mentioned Thursday its Ferrari unit has filed for an preliminary public offering. The collection of shares and the fee vary for the proposed offering have but to be set, however the offering isn’t anticipated to exceed 10% of the prominent fashionable shares, stated Fiat in a observation. Ferrari will seek to list its common shares on the brand new York inventory exchange. americaInvestment bank, BofA Merrill Lynch and Banco Santander are acting as joint bookrunners for the offering.
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