Ferrari shares were trading at $58.18 Wednesday in its debut on the New York Stock Exchange, above the IPO issue price of $52. The company had previously set an IPO range price of $48 to $52 and will list about 10% of its shares. Fiat Chrysler owns 90% of Ferrari, but plans to spin off the other 80% to its shareholders next year. Ferrari itself will not receive any of the proceeds.
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