Ferrari debuts on the Italian stock exchange

Article by Andrew Christian, on January 11, 2016

The Ferrari Listing Ceremony on the MTA made quite an impressive scene, such that Sergio Marchionne called it ‘a new milestone, a new start’ for Ferrari as inscribed in the guest book of the Italian Stock Exchange. The ceremony was presided by Raffaele Jerusalmi, CEO of the Italian Stock Exchange (Borsa Italiana).

The event came just a few months after Ferrari made its debut on the New York Stock Exchange on 21st October, 2015. Matteo Renzi, Prime Minister of Italy was the ceremony’s Guest of Honour.

After the traditional opening bell was rung by Sergio Marchionne (Ferrari Chairman), John Elkann (FCA Chairman), Amedeo Felisa (Ferrari CEO) and Piero Ferrari (Ferrari Vice Chairman), the stock began trading.

In his speech, Marchionne thanked the Prime Minister for his presence and Ferrari’s listing on the MTA, referring to it as a new start and emphasizing the Ferrari group’s independence after separating from the FCA.

He also thanked the founders Giovanni Agnelli and Enzo Ferrari who, in mutual alliance, started off the project in 1969. Marchionne also offered respect to the city of Milan where Enzo Ferrari launched his automotive career working for Alfa Romeo.

Referring to the impending Formula 1 season, Marchionne jokingly mentioned to the Team Principal Maurizio Arrivabene that Ferrari now expects to regain its rightful top position in the sport, and it has made all the rightful investments in this direction. The ceremony concluded with Marchionne presenting a 1:8 scale of the SF 15-T, the latest Formula 1 car to Prime Minister Renzi.

Press Release

THE PRANCING HORSE DEBUTS IN MILAN: FERRARI LISTS WITH THE TICKER SYMBOL RACE ON THE ITALIAN STOCK EXCHANGE

“Ferrari: A new milestone, a new start”, these were the words Sergio Marchionne inscribed in the guest book of the Italian Stock Exchange during the Ferrari Listing Ceremony on the MTA. Raffaele Jerusalmi, CEO of Borsa Italiana (the Italian Stock Exchange) presided over the ceremony, which took place a few months following Ferrari’s debut on the New York Stock Exchange last October 21st, while Matteo Renzi, Prime Minister of Italy, was the guest of honour.

The stock began trading after Ferrari Chairman Sergio Marchionne, FCA Chairman John Elkann, Ferrari CEO Amedeo Felisa and Ferrari Vice Chairman Piero Ferrari rang the traditional opening bell.

Thereafter Marchionne held a brief speech, during which he thanked Prime Minister Renzi for attending the ceremony, and for what he is doing for the country. He underlined the fact that Ferrari’s listing on the MTA represents a new start, rather than a point of arrival, emphasizing that the now complete spin-off from FCA reaffirms the independence Ferrari has always enjoyed within the group.

Furthermore, he highlighted the brand’s Italian heritage and thanked John Elkann and Piero Ferrari, heirs of Giovanni Agnelli and Enzo Ferrari, who in 1969 forged a great alliance based on mutual respect. Marchionne also paid tribute to the city of Milan (represented in the audience by Francesca Balzani, Vice Mayor of Milan) where Enzo Ferrari began his career behind the wheel of an Alfa Romeo.

Naturally, Marchionne also made reference to the impending Formula 1 season. He joked with Team Principal Maurizio Arrivabene that now that all requested investments have been made, he expects Ferrari to return to its rightful place at the top of the sport.

The ceremony concluded with remarks by Prime Minister Renzi, whom Marchionne then presented with a 1:8 scale sized model of the most recent Formula 1 car, the SF15-T.

Topics: ferrari, italy

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