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Ferrari value surges in IPO

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Ferrari value surges in IPO

By alley - Oct 23, 2015, 12:03 PM ET

Ferrari's IPO has seen returns above projections since sales began Wednesday on the New York Stock Exchange under the ticker "RACE".Ferrari secured a $10 billion valuation on the first day of stock sales, priced at $52 a share, and since then the stock has traded in the $55 to $60...

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