Ferrari roars in debut on 塀で囲む Street

The 伝説の Italian racing car Ferrari brought its trademark roar to 塀で囲む Street Wednesday and fans followed 控訴, its 株 easily 追いつくing the IPO price.

The New York 在庫/株 交流 was decked out in the Ferrari's trademark red and crest of a prancing horse, while loudspeakers let loose earthshaking vrooms the iconic supercars are known for.

Outside on the street, (人が)群がるs flocked to see eight of the supercars, 含むing driver Sebastien Vettel's F1 model, a 1961 model 価値(がある) $15 million, and one of the hottest new models, the $1.4 million hybrid LaFerrari.

A man polishes a Ferrari car displayed in front of the New York Stock Exchange during its first day of trading in New York on October 21, 2015

A man polishes a Ferrari car 陳列する,発揮するd in 前線 of the New York 在庫/株 交流 during its first day of 貿易(する)ing in New York on October 21, 2015 ?Jewel Samad (AFP)

貿易(する)ing un der the ticker 指名する "RACE," the 株, which were sold at $52 apiece in an 初期の public 申し込む/申し出ing Tuesday by parent Fiat Chrysler, broke past $60 as 貿易(する) opened, but with the 全体にわたる market 沈むing, they settled 支援する to の近くに with just a 5.8 パーセント 伸び(る) at $55.

That was にもかかわらず a respectable debut in a market which, in 最近の weeks, has 迎える/歓迎するd new 問題/発行するs tepidly.

"Just about every other IPO is 落ちるing flat, so any incremental 伸び(る) has to be taken as a 肯定的な," said Jack Ablin of BMO 私的な Bank.

For Ferrari, though, the 歓迎会 gave the company, which 配達するd just over 7,200 cars last year, a rich valuation of over $10 billion.

That 証明するd to be a 財政上の 上げる for Fiat Chrysler, which was selling off a nine パーセント 火刑/賭ける in its racecar 子会社 as it 捜し出すs cash to pull 負かす/撃墜する 負債 and to 投資する in 拡大するd 生産/産物.

Ferrari's debut was the 最高の,を越す 財政上の news of the day, and drew fans outside the 交流 to see the 顔触れ of supercars on 陳列する,発揮する, testament to the value of its 全世界の brand.

"I love Ferrari. I've always followed them with the 決まり文句/製法 One racing," said Abhishek Ahuja, a tourist visiting New York from Mumbai.

Fiat Chrysler 大統領 Sergio Marchionne, who also serves as Ferrari's chairman, 設立する it hard to 含む/封じ込める his happiness at the success of the IPO, 特に given the doldrums of 最近の US 在庫/株 貿易(する)ing.

冒険的な his trademark cashmere cardigan, he and other Ferrari (n)役員/(a)執行力のあるs rang the bell to open the New York 交流's 貿易(する)ing 開会/開廷/会期 Wednesday.

But it was not all good news. Fiat Chrysler's 株 引用するd on the New York 交流 were 負かす/撃墜する 3.9 パーセント, perhaps in reaction to Ferrari's 株 not having risen even higher.

- Supercar 競争 -

Fiat Chrysler owned 90 パーセント of Ferrari before Tuesday's flotation of a nine パーセント 火刑/賭ける; Piero Ferrari, son of 伝説の 創立者 Enzo Ferrari, has ten パーセント.

With a 激しい 負債 level and a 計画(する) to 投資する $48 billion to 拡大する its total 世界的な sales to seven million 乗り物s per year, Fiat Chrysler hopes to 強化する its 財政/金融s by 結局 spinning off more of the sports car 製造者.

The challenge is for Ferrari to build on its strengths まっただ中に an 増加する in 競争 from an 拡大するing choice of $200,000 to $2 million supercars, like those from McLaren, Bugatti, Lamborghini, Aston ツバメ, and others.

Marchionne told CNBC TV that the company is planning to ramp up sales modestly from わずかに over 7,000 部隊s a year to 9,000 by 2019, not so much as to 土台を崩す the brand's 空気/公表する of exclusivity.

"What is at the heart of the brand is this intimate 関係 between us and the 顧客. It would be almost suicidal to try to 拡大する 容積/容量s to the detriment of that 関係," he said.

As for the 競争, they "are not at par with a Ferrari," he 追加するd without について言及するing 指名するs.

Next to the 列 of Ferraris outside the 交流, Doug Kendora, who 作品 nearby, 発言する/表明するd his 疑問s.

Ferrari's introduction to the 株式市場 "will make it いっそう少なく of a boutique (car), more 集まり. That's the way the world goes, everybody's trying to cash out."

Chief Executive Officer of Fiat Chrysler Automobiles Group Sergio Marchionne (C) rings the opening bell at the New York Stock Exchange as Ferrari starts trad...

大統領 Officer of Fiat Chrysler Automobiles Group Sergio Marchionne (C) (犯罪の)一味s the 開始 bell at the New York 在庫/株 交流 as Ferrari starts 貿易(する)ing in New York on October 21, 2015 ?Jewel Samad (AFP)

The front of the New York Stock Exchange is adorned with banner announcing Ferrari's first day of trading in New York on October 21, 2015

The 前線 of the New York 在庫/株 交流 is adorned with 旗,新聞一面トップの大見出し/大々的に報道する 発表するing Ferrar i's first day of 貿易(する)ing in New York on October 21, 2015 ?Jewel Samad (AFP)

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