Financing, Stock Offerings

Hyundai scion hikes stake in automaker for $259 million

1:19 pm U.S. ET | Nov. 10, 2015

Hyundai Motor Vice Chairman Chung Eui Sun, heir-apparent to South Korea's largest automaker, increased his stake in the automaker by buying shares from a struggling shipbuilding group controlled by his uncle....
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Ferrari's first families aim to make takeover of supercar builder impossible

Oct. 22, 2015 10:54 CET

Piero Ferrari, the son of Ferrari founder Enzo Ferrari, and the Agnelli family, who control Fiat Chrysler, plan to make any potential takeover of Ferrari virtually impossible even after the company's initial public offering....
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Ferrari raises $893 million pricing IPO shares at top of range

Oct. 21, 2015 11:14 CET

Ferrari raised $893 million in its U.S. initial public offering, pricing the shares at the top end of the marketed range after strong investor demand. Parent Fiat Chrysler is selling a 9 percent stake in the brand and will distribute its remaining 80 percent stake to its own investors early next year....
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Ferrari faithful drive IPO stock price after $893 million raised

5:12 pm U.S. ET | Oct. 20, 2015

Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market. Ferrari pulled out all the stops to market itself to some of its owners as well as Wall Street....
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Ferrari's shares won't come cheap or easily as expected IPO price rises

1:17 pm U.S. ET | Oct. 20, 2015

Demand could outstrip supply on Ferrari's initial public stock offering later today, and the shares may price at the top of an indicated range of $48-52 per share, people close to the matter said....
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Ferrari IPO oversubscribed ahead of New York listing, report says

12:23 pm U.S. ET | Oct. 16, 2015

Ferrari's initial public stock offering is oversubscribed throughout its price range as investor interest in the supercar maker outstrips the shares available, people familiar with the matter told Bloomberg....
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Ferrari heir, steered away from racing, will end up a billionaire

Oct. 12, 2015 12:46 CET

Piero Ferrari grew up shielded from becoming a racing driver like his father Enzo, who founded the iconic sports car maker. Now Piero will end up a billionaire in an initial public offering of the automaker....
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Ferrari to be valued at up to $9.82 billion in stock offering

7:01 pm U.S. ET | Oct. 9, 2015

Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles sells a 9 percent stake in the Italian supercar manufacturer....
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Ferrari pushing for $12.4 billion valuation in stock offering, report says

4:11 pm U.S. ET | Oct. 8, 2015

Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as $12.4 billion, people familiar with the matter told Bloomberg....
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Schaeffler pushes ahead with IPO amid VW scandal

Oct. 2, 2015 13:31 CET

Schaeffler Group is sticking to plans for an initial public offering, shrugging off the market turbulence prompted by the Volkswagen Group diesel scandal. VW Group is the part supplier's biggest customer....
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VW seeks to boost finances to meet emission scandal costs

8:22 am U.S. ET | Oct. 1, 2015

Volkswagen is looking at ways to cut costs and boost cash flow and could sell more shares if the price of clearing up a scandal over its rigging of diesel emissions tests puts its credit rating at risk....
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Ferrari IPO said to be on track to sell out

2:39 pm U.S. ET | Sept. 30, 2015

Ferrari's ability to sell racy sports cars at high prices has carried over to the company's initial public offering, even as investors unload other auto stocks in response to Volkswagen AG's diesel scandal....
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Suzuki confirms $3.8 billion buyback of Volkswagen stake

Sept. 17, 2015 16:39 CET

Suzuki confirmed that Volkswagen has sold back all 111.6 million shares it held in the Japanese carmaker for $3.8 billion, closing the final chapter of an acrimonious partnership....
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Tesla stock sale raises $738 million

6:05 pm U.S. ET | Aug. 19, 2015

Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.1 million shares at $242, providing a cash cushion as it prepares to begin deliveries of its Model X SUV....
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Tesla stock price predicted to nearly double, Morgan Stanley says

1:49 pm U.S. ET | Aug. 17, 2015

Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla....
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Tesla raises share offering to $642.5 million

7:10 am U.S. ET | Aug. 14, 2015

Electric automaker Tesla Motors said today it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday....
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Tesla seeks to raise about $500 million through share sale

7:18 am U.S. ET | Aug. 13, 2015

Tesla Motors plans to raise about $500 million through the sale of 2.1 million shares. CEO Elon Musk has indicated an interest in buying nearly 84,000 shares for about $20 million in the offering, the company said today....
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Ferrari stock faces soaring Testarossa prices for investor favor

6:19 am U.S. ET | July 24, 2015

Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has generated gains that are hard to beat....
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Ferrari files for IPO to raise funds for Fiat Chrysler

8:49 am U.S. ET | July 23, 2015

Fiat Chrysler Automobiles NV's plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit's initial public offering on the New York Stock Exchange....
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VW, GM shudder as China profit engine sputters

5:47 pm U.S. ET | July 16, 2015

Shock waves from a drop in Chinese car demand are reverberating in Wolfsburg and Detroit, where Volkswagen and GM are feeling the effects of a slowdown in a market that has been their big profit engine. Barclays downgraded GM shares on Thursday, saying it was likely to face the sharpest of the China headwinds among automakers and auto parts makers....
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Ferrari IPO filing to come in days, Marchionne says

5:11 pm U.S. ET | July 10, 2015

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles, is close to filing for an initial public offering, Fiat Chrysler CEO Sergio Marchionne said....
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Ferrari picks UBS for stock listing, report says

2:58 pm U.S. ET | July 7, 2015

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles, picked UBS Group to help manage its initial public offering in New York later this year, people with knowledge of the matter told Bloomberg....
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Ferrari's value to exceed $11 billion in IPO, Marchionne says

2:04 pm U.S. ET | July 3, 2015

Fiat Chrysler's CEO expects the company's Ferrari supercar unit to be valued "at least" at $11 billion in an initial public offering scheduled for year end....
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Toyota prices 'Model AA' shares at top range

9:50 am U.S. ET | July 2, 2015

Toyota set the price for its "Model AA" class shares at the top of its range, as retail investors flocked to the $4 billion issue the world's biggest automaker hopes will secure its longer-term shareholders....
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Mexican supplier Nemak to launch $750 million IPO

11:38 am U.S. ET | June 30, 2015

Nemak SAB's expected $750 million initial public stock offering today marks the first stock offering of a Mexican auto supplier since at least 2000....
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GM's Barra: Tapping into ideas from Silicon Valley

GM's Barra: Tapping into ideas from Silicon Valley

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