Correction: Exor Press Release - ABO Pricing
Portfolio Pulse from
Exor N.V. has successfully priced an accelerated bookbuild offering, selling approximately 4% of Ferrari N.V.'s outstanding shares, equating to around 7 million common shares.
February 27, 2025 | 6:45 am
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Exor N.V. has sold approximately 4% of Ferrari's outstanding shares through an accelerated bookbuild offering, which may impact Ferrari's stock price due to changes in share ownership.
The sale of a significant portion of shares (4%) by a major shareholder like Exor can lead to a decrease in stock price due to increased supply and potential concerns about the shareholder's confidence in the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80