Ferrari will split with its parent company, Fiat Chrysler, and investors will soon be able to buy shares in the iconic sports car maker.
Fiat Chrysler announced the news Wednesday, saying Ferrari will be listed in the U.S. and possibly on a European exchange.
About 10% of Ferrari’s shares will be up for grabs when it’s listed on the exchanges. The other 90% of shares will be distributed to current Fiat shareholders.
“The separation of Ferrari will preserve the cherished Italian heritage and unique position of the Ferrari business and allow [Fiat] shareholders to continue to benefit from the substantial value inherent in this business” said John Elkann, chairman of Fiat Chrysler.
The high-end automotive maker Ferrari recently had a management shake-up.
It’s known for capping auto production to around 7,000 per year to ensure demand consistently outstrips supply.
