Ferrari Group Eyes 822 Million Euro Valuation in Amsterdam IPO
MILAN (Reuters) - Luxury logistics company Ferrari Group on Thursday set a price range for its initial public offering of between 8 euros and 9 euros per share, giving the company an indicative market capitalisation of up to 822 million euros ($851.84 million).
The offer starts on Thursday and will run to February 12, with the first day of trading on the Amsterdam bourse expected a day later.
The founding family is selling up to 25% of existing shares in the company, with a so-called greenshoe option potentially bringing that up to 28.7%.
The family-owned group, founded in 1959 in Italy and currently headquartered in London, focuses on the handling of luxury goods such as high-end watches, jewellery and diamonds.
($1 = 0.9650 euros)
(Reporting by Elisa Anzolin; Editing by Kirsten Donovan)