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Ferrari Group PLC has announced plans to launch an initial public offering (IPO) on the Euronext Amsterdam exchange, a strategic move aimed at enhancing its public profile and accessing broader funding opportunities.

The Italian shipping and logistics firm, specializing in the transportation of luxury goods, revealed Monday that the IPO will consist of a private placement of shares owned by founding family members through Deiana Holding Ltd., targeting institutional investors.

IPO Details

Deiana Holding intends to sell approximately 25% of its stake in Ferrari Group as part of the offering. The IPO will also include a greenshoe option, allowing the underwriter to sell additional shares beyond the initial allotment. However, Ferrari Group noted it would not receive proceeds from the sale.

The company emphasized the strategic benefits of the listing, such as gaining access to capital markets and boosting its visibility among potential investors and partners. Goldman Sachs Bank Europe SE and Jefferies GmbH will act as joint global coordinators for the offering.

Why Euronext Amsterdam?

Ferrari Group cited Euronext Amsterdam’s pan-European appeal as a key factor in its decision to list there. "As a pan-European exchange, Euronext Amsterdam matches our pan-European business profile and, given its highly attractive qualities, we firmly believe it is the right market for us," a company spokesperson explained.

Founded in 1959 in Italy by Miranda and Giovanni Ferrari, the business has remained in the family. Marco Deiana, the company’s CEO and Miranda Ferrari’s son, expressed enthusiasm for the IPO’s potential impact.

"The proposed Euronext listing will increase the group's public profile and brand awareness while enabling the business to access diversified sources of funding, supporting our ambitious growth plans," Deiana said.

Focus on Luxury Goods

Ferrari Group specializes in the shipping of high-value luxury goods, including watches, jewelry, and diamonds. The company has built a global reputation for reliability in handling such items, positioning itself as a key player in the logistics sector for luxury brands.

Preparing for Growth

The move to go public aligns with Ferrari Group's growth objectives. The additional exposure and funding access are expected to fuel its efforts to expand operations and secure its position in the competitive logistics landscape.

Counsel information for the IPO has not yet been disclosed, and the company was unavailable for additional comments.