Ferrari through IPO to get to EUR 10 m

GM at Fiat Craysler automobili, Sergio Marchione, expects that his branch office for production of luxurious cars "Ferrari" will collect at least ten billion euros (11 billion dollars) through public offer of shares planned for this year.

- We have clear expectations since 'Ferari' is a unique brand – Marchionne said at the presentation of a new sub-compact model of "fiat 500" in Torino, explaining his optimism that high price will definitely be contribute by limited offer since only 10% of shares will be for sale New York agency, Bloomberg reported.