Ferrari’s IPO Priced At The Top Of Its Range – Eye Candy [Charts]

0
Ferrari’s IPO Priced At The Top Of Its Range – Eye Candy [Charts]

Ferrari’s IPO Priced At The Top Of Its Range – Eye Candy by Christopher Pavese, Broyhill Asset Management

While auto investors continue to ponder when used car prices will turn down, Ferrari’s IPO priced at the top of its range, giving the company a market capitalization approaching $10 billion.  Zachary Crockett over at Priceonomics demonstrates why Ferrari owners have little cause for concern.

The most expensive car ever sold at auction, a Ferrari 250 GTO, went for $38 million in August of 2014 – one of only 39 Ferrari GTOs ever produced.

ValueWalk’s December 2021 Hedge Fund Newsletter: Hedge Funds Avoid Distressed China Debt

InvestWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring hedge funds avoiding distressed china debt, growth in crypto fund launches, and the adapting venture capital industry. Q3 2021 hedge fund letters, Read More

Ferrari

Of the 50 most expensive cars ever sold at auction, 30 are Ferraris.

Ferrari

According to the Hagerty Collector Car Index the majority of the market has stagnated. While German (BMW, Porsche, Mercedes-Benz), British (Bentley, Rolls Royce), and American (Ford GT) cars have stagnated, Ferraris have skyrocketed. In the last five years, the average “excellent” condition, vintage Ferrari to hit the auction block has nearly tripled in value.

Ferrari

Ferrari’s don’t pay dividends or cut deals with specialty pharmaceutical companies, but that’s one heck of a five-year run. And you can’t drive to work in your hedge fund.

Updated on

No posts to display