Report: Ferrari IPO Could Be Worth $12.4 Billion

#hashtags: #FCA #Ferrari

FCA pushes for high valuation for Ferrari as a luxury goods maker.Ferrari's upcoming initial public offering could be worth as much as 11 billion euros, or $12.4 billion, according to a recent report. Fiat Chrysler CEO Sergio Marchionne is pushing for a high valuation, arguing Ferrari is not simply an automaker, but a luxury goods provider.