Fiat Chrysler’s shares jumped more than 1% on Monday’s early trading after it disclosed the price range for the IPO of Ferrari that could value the unit at nearly $10 billion.
The auto group will set up to 10% of Ferrari in the IPO at a price of between $48 and $52 per share.
FCA shares were up 1.5% at 14.02 euros by 0707 GMT, outperforming a roughly flat Milan blue-chip index.
The material has been provided by InstaForex Company – www.instaforex.com