The price of shares of Ferrari is expected to be higher than $ 53 in the IPO, according to sources familiar with the matter.
The company said it will officially announce the price after the market closed on Tuesday.
At this price the company would be valued at $ 10 billion. The price is above the previously indicated range of $ 48 to $ 52 per share IPO-it.
The company has planned its trading debut on Wednesday. Ferrari ticker on the NYSE will be RACE.
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