Ferrari shares race to $60, vs IPO price of $52

GMT 14:22 2015 Wednesday ,21 October

Arab Today, arab today Ferrari shares race to $60, vs IPO price of $52

New York - Arab Today

Shares of legendary supercar maker Ferarri raced to as high as $60 as they first traded on the New York Stock Exchange Wednesday, 15 percent above the IPO price of $52.

Owner Fiat Chrysler Automobiles spun off nine percent of the luxury mark on Tuesday, with the subscription price valuing the company at a heady $10 billion.

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