The Ferrari Group has made a bold entrance into the public markets, confirming Thursday that its initial public offering (IPO) debuted on the Euronext Amsterdam stock exchange. The high-value logistics firm, renowned for transporting some of the world’s most precious goods, priced its offering at €8.6 ($9) per share, securing a market capitalization of €785.2 million.
Trading under the symbol “FEGR”, Ferrari Group’s private placement offering raised €191.7 million, a move CEO Marco Deiana says will help expand its global reach and customer base.
A Strategic Leap for Growth
Ferrari Group, which handles over €170 billion in luxury goods annually across 64 countries, specializes in transporting jewelry, precious gems, and high-value assets for elite clients. The IPO, first announced in January, marks a pivotal step in its strategy to expand financing opportunities and solidify its reputation in the luxury logistics space.
“Our IPO provides us with access to the capital markets and diversified sources of funding for the future, while increasing our public profile and brand awareness,” Deiana said in a statement.
