Ferrari begins trading at the NYSE

Ferrari begins trading at the NYSE

Fiat Chrysler chairman John Elkann stands with a Ferrari outside of the NYSE after the opening bell on the first day of public trading of Ferrari at the New York Stock Exchange on Wall Street in New York City on October 21, 2015. The company's stock priced its initial public offering at $52 a share after the market close on Tuesday, with sources saying the demand for shares was "well oversubscribed." The price was at the top of the previously indicated range of $48 to $52 per share. Ferrari RACE shares were trading at $58.18 up almost 10 percent Wednesday in its debut on the New York Stock Exchange, above the IPO issue price of $52. Photo by John Angelillo/UPI