Ferrari is set to go public early next year

Ferrari will soon hit the road as a standalone company on the New York Stock Exchange.

The IPO is expected by early 2016, according to a prospectus filed with the Securities and Exchange Commission on Thursday (July 23). Fiat Chrysler, the parent company of the famed sports car maker, expects the unit to be valued at “at least” 10 billion euros ($11 billion), Bloomberg Business reported.

Approximately 10% of Ferrari shares will be available in the spinoff, while 80% will be distributed...

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