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Off To The RACEs - Ferrari's 'Small Float' IPO Roars At Open, Then Stalls

With its IPO price of $52, Ferrari's relatively small float is in great (speculative) demand apparently:

  • *FERRARI OPENS AT $60.00/SHR, IPO PRICED AT $52

However, after trading up to $60.97, it seems some profit-taking on the "limited to 10,000 cars" automaker is now in order.

 

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