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Ferrari N.V. (RACE)
Pre-market:
- Financial Times
Porsche braves grim market but luxury valuation may prove elusive
Like every business that goes public, Porsche has had to set out the risks it believes investors should know about. Europe’s energy crisis could drive its costs higher, Porsche warned, as it pointed out that the global chip shortage has not gone away. Porsche’s owner, Volkswagen, is braving this grim backdrop because it needs to fund its own costly adaptation to the era of electric vehicles.
- Financial Times
Investors rush to snap up shares ahead of Porsche IPO
Investors are rushing to snap up shares in Porsche, with the German sports car maker on course to deliver one of Europe’s biggest initial public offerings this Wednesday. Owner Volkswagen expects to raise €9.4bn with the sale of 12.5 per cent of the company’s non-voting shares to outside investors as Porsche is set to price at the top of its range of €76.50 to €82.50 a share. This would value the Stuttgart-based group at €75.2bn, and make it Germany’s second largest listing after Deutsche Telekom’s $13bn IPO in 1996, at the time Europe’s largest ever.
- Motley Fool
2 Reasons Ferrari Is Expensive and Still a Stock to Buy
There are many reasons Ferrari is a compelling stock, but here's a look at how it measures up against competitors.
