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

December 9, 2016
Grand Capital weekly recap
Find out how traders of Grand Capital finished the last week of fall and started the first week of winter. As always, the numbers don't fail to impress. Last week's maximum deposit growth was $109 360,00...
December 8, 2016
Orbex #TradeFit Campaign Gets a New Spin This December
Orbex, an innovative leader in online forex trading, recommits to another year of CrossFit Limassol sponsorship and is confirmed as the main sponsor of the flagship athletic event of Cyprus, WodWars Europe Competition, which will be held December 10-11...
December 8, 2016
FXCM integrates algo trading platform QuantConnect
Leading US forex brokerage FXCM announced on Monday it has launched Live Trading Integration with algorithmic trading platform QuantConnect, which is cloud-based. At present, only the broker’s US clients are able to use this service...

Tickmill Rating
Fort Financial Services Rating
XM Rating
OctaFX Rating
Larson&Holz IT Ltd Rating
Orbex Rating

EZTrader Rating
TropicalTrade Rating
Grand Option Rating
365BinaryOption Rating
Empire Option Rating
OptionBit Rating