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Ferrari valued at US$9.8b as parent sells 10% stake in US IPO


ITALIAN luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between US$48 and US$52 per share, which could value the company at up to US$9.8 billion, it said.

Parent Fiat Chrysler Automobiles (FCA) will sell up to 10 per cent of Ferrari