Fiat or proceed with Ferrari’s IPO listing on the Hong Kong Stock Exchange

According to Reuters on September 1, several investment banks are approaching Fiat for several weeks, proposing that it will list its sports car manufacturer, Ferrari, on the Hong Kong stock exchange IPO.

According to an analyst from UniCredit Bank of Italy in a July report, according to the law of luxury brands, Ferrari’s initial public offering IPO market value may be as high as 4.4 billion euros (6.3 billion US dollars), which is 1 billion euros higher than the currently estimated value. The deal will help Fiat repay its 5 billion euros (7.2 billion U.S. dollars) debt through financing and increase the market value of the company's shares. UniCredit Bank expects that Fiat's price per share will increase by 0.7 euros.

A source said: "Fiat has not yet finalized the IPO program, but is confident that it is negotiating with a number of investment banks." Other sources said that Fiat has held several rounds of talks on the Ferrari IPO and will continue to negotiate in the next few weeks to promote the IPO. process.

A Fiat spokesman declined to comment on Ferrari’s IPO-related talks, citing the CEO’s remarks that he had still mentioned in the last few months until last week, stating that Ferrari’s IPO “has not officially put on the table”.