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.
