Ferrari goes public - trade Ferrari shares right in Grand Capital Trader 4

October 22, 2015

20th of October 2015 Ferrari, a major luxury car manufacturer priced its initial public offering on New York Stock Exchange. According to Bloomberg, Ferrari shares were at the top end of $48-$52 range - $52 per share. The car maker was valued at $9.8 billion.

Trading starts today, 21st of October 2015. We are glad to announce that in the nearest time Grand Capital will introduce a new ticker for Ferrari shares trading which will be available in the MT4 terminal and Grand Capital Web-Terminal listed among CFD instruments.

Keep in mind that during the first few weeks high volatility is expected, which will lead to wide spreads.

Stay tuned for updates on CFD Ferrari launch in Grand Capital – don’t miss a chance to trade shares of one of the most expensive brands in the world!

Summary

Ferrari announced IPO plans back in 2014 which was one of the first steps on the way to separation from Fiat Chrysler. Fiat Chrysler claimed earlier that they had planned to make Ferrari a separate company to list 10% of Ferrari shares on American and European Stock Exchanges. As of now, Ferrari takes around 23% of the world’s luxury car market. The companies are to be fully separated in2016.

The company’s marketing strategy is quite interesting – to produce one car less, although everybody knows that there is usually several-year-waiting list, as the production is limited to 7000 automobiles a year. Despite that, Enrico Galliera, the head of Ferrari sales and marketing department, announced during 488 GTB presentation in Genève: “I have the big responsibility to keep alive this dream that is called Ferrari" which leads us to believe that the production volume is not to be increased any time soon. It means that Ferrari is still a dream for the majority and a luxurious accessory for the few of the richest people on Earth. 

Publication source
Grand Capital information  Grand Capital reviews

February 24, 2017
Trade Commodities With Cmstrader
CFD is a derivative financial instrument, and it is an abbreviation for Contract for Difference. CFDs are of interest to traders who want to significantly boost the amount and quality of their investments...
February 23, 2017
Gain Capital gets FXCM's US retail forex clients
Now the deal is confirmed, but the financial details have not been disclosed. The transaction is subject to final regulatory approval. It is expected to close before the end of February...
February 22, 2017
Improvements in trading terms for CFD’s on the German 30 Index
The company FIBO Group has reduced the size of the spread by 2 points for the CFD, which is based on the German 30 index...

Cms Trader Rating
Fort Financial Services Rating
FX Giants Rating
Larson&Holz IT Ltd Rating
OctaFX Rating
Grand Capital Rating

Binary Brokerz Rating
OptionTrade Rating
Migesco Rating
TopOption Rating
IQ Option Rating
OptionRally Rating