Investors gearing up for Ferrari IPO

Marketsofru

Investors gearing up for Ferrari IPO and looks set for a strong debut tomorrow if the recent murmurs are to be believed. The IPO seems oversubscribed and considering just 10% of the company is being floated, this should keep prices supported in the near term.
However, investors need to be mindful that the IPO market has cooled in recent months and the cloud of China on global growth has made sentiment even more fragile. So with IPO’s, particularly those as famous as Ferrari, typically extremely volatile, we shouldn’t judge its IPO merely off the back of tomorrow’s supposed market debut.