Ferrari goes public on October 21, 2015. On this occasion, Wall Street was adorned with red, the atmosphere was festive and it was the Ferrari executives who proudly rang the bell in the stock exchange, synonymous with the start of trading. The Italian sports car manufacturer has presumably experienced its successful debut on the stock market, wherein the value of its title took 15 during early trading following the IPO of the Ferrari share. The first trading of the Ferrari share was carried out at $ 60 per title. It already represented $ 8 more compared to the IPO price which had been set the previous day at $ 52 at the stock exchange on Wall Street. Ferrari put up for sale 9 of its capital on the stock exchange, which represents a stock market value of $ 10 billion.
Ferrari has also seen things on a large scale for its IPO. In tribute to the prancing horse brand, traders wore jackets and branded the red caps on the floor of Wall Street located in the financial district of Manhattan. 8 models of shining cars from the brand were also on display including an F1 car that has been driven by Sebastian Vettel.
Almost all binary options brokers nowadays offer traders the ability to speculate on the price of Forex currency pairs, indices, raw materials but also the shares of listed companies. But since Ferrari has just done its IPO, few brokers allow traders to speculate on the price of this share as they have not yet integrated the share to their lists of trading instruments. 24option is one of the few binary options brokers to have added the Ferrari share to their list of tradable shares, and therefore we recommend this broker to speculate on the share price of the luxury automaker.
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