LONDON, October 22, 2015 /PRNewswire/ --
Fiat Chrysler Automobiles N.V. (NYSE: FCAU/MI: FCA) ("FCA") and its subsidiary Ferrari
N.V. (NYSE: RACE) ("Ferrari") announced today that the underwriters in Ferrari's
initial
public offering have exercised in full the option to purchase 1,717,150 common shares
of
Ferrari from FCA at the initial public offering price of $52 per share less
underwriting
discounts. With the exercise of this option, the total offering will consist of
18,892,150
Ferrari shares and gross proceeds to FCA of $982.4 million.
The common shares of Ferrari began trading on the New York Stock Exchange on
October
21, 2015 under the symbol "RACE" and the offering is expected to settle on October 26,
2015. Following completion of the offering, FCA expects to distribute its remaining
ownership interest in Ferrari to FCA shareholders at the beginning of 2016.
UBS Investment Bank is acting as Global Coordinator for the offering. UBS
Investment
Bank and BofA Merrill Lynch are serving as bookrunners and representatives of the
underwriters for the offering. Allen & Company LLC, Banco Santander, BNP Paribas, J.P.
Morgan and Mediobanca are also acting as bookrunners for the offering.
A registration statement has been filed with, and declared effective by the U.S.
Securities and Exchange Commission. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy these securities, nor shall there be any sale
of
these securities in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities laws of
any
such state or jurisdiction.
The offering of these securities will be made only by means of a prospectus. Copies
of
the prospectus can be obtained from:
SOURCE Fiat Chrysler Automobiles