This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Article SummaryIn an effort to raise funds to cut debt, Fiat Chrysler is selling a stake in Ferrari ... (Read 90 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Oct 7, 2019

Article Summary

In an effort to raise funds to cut debt, Fiat Chrysler is selling a stake in Ferrari through an initial public offering (IPO) to be valued at as much as $9.8 billion. 17.2 million shares of stock in the company are to be sold, and the stock will be traded on the New York Stock Exchange under the symbol RACE. One analyst speculates that requests for shares in Ferrari may be ten times less than the number available.  Including debt, Ferrari will have a value of about $12 billion, and chairman Piero Ferrari will keep a 10 percent stake in the new company and receive about €280 million in cash. Before taxes and interest, Ferrari's 2014 earnings were €389 million, with revenue of €2.8 billion.

Source: Tommaso Ebhardt, "Ferrari to Be Valued at Up to $9.82 Billion in IPO," Bloomberg.com, October 9, 2015.



When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. This is an example of Ferrari using ________ to raise funds.


◦

bonds


◦

indirect finance


◦

direct finance


◦

corporate governance

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dollx on Oct 7, 2019

succesfull

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Oct 7, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


dollx

  • Member
  • Posts: 558
Reply 2 on: Oct 7, 2019
Thanks for the timely response, appreciate it

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Acute exacerbations of asthma can require management in the emergency department. The child is place Acute exacerbations of asthma can require management in the emergency department. The child is place
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
A poster encourages women to work in munitions to support the war effort. A poster encourages women to work in munitions to support the war effort.
Chrysler Salon, N. Y. C., showing the 1937 Chrysler Airflow four-door sedan on display in the ... Chrysler Salon, N. Y. C., showing the 1937 Chrysler Airflow four-door sedan on display in the ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library