NYSE:RACEAuto
Ferrari (NYSE:RACE) Completes US$3.1B Follow-on Offering with Underwriter Changes
Ferrari (NYSE:RACE) has recently completed a significant $3.15 billion follow-on equity offering, which likely bolstered investor confidence and contributed to the company's 11% share price increase over the last quarter. The offering was supported by a strong line-up of underwriters, enhancing market trust. During this period, Ferrari also reported strong Q4 2024 earnings, with sales of EUR 1,736 million and a net income of EUR 386 million, further enhancing the stock's appeal to investors...