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.