Ferrari NV — the iconic Italian sports car brand — opened trading on Wall Street Wednesday, as chairman Sergio Marchionne rang the opening bell on the New York Stock Exchange.Fiat Chrysler Automobiles NV is spinning off the brand — in part to raise funds to finance its ambitious five-year growth plan announced last year. The company sold a 9 percent stake in Ferrari Tuesday to underwriters at $52 a share — at the top end of the $48 to $52 range — for $893 million.
Read Article