Despite recent rumours, there is no initial public offering (IPO) on the cards at Italian supercar maker Ferrari.
Chairman Luca di Montezemolo told the Sueddeutsche Zeitung newspaper: “There is nothing on the agenda. And we are not planning anything.”
Go deeper with GlobalData
He added that Fiat, which owns Ferrari, “does not need any money at the moment, they are doing fine. If you ask me what will happen in 10 years: no idea. But at the moment it is not on the agenda.”
Sources told the Reuters news agency last September that several investment banks had approached Fiat with a proposal to list Ferrari on the Hong Kong stock exchange.
