MILAN (Reuters) - Shares in Ferrari (>> Ferrari NV) rose 15 percent to $60 in the luxury group's Wall Street debut on Wednesday after it priced its share offering at the top end of an indicated range as investors vied to grab a slice of the maker of sportscars for the super rich.
Limiting the offering to a 10 percent stake helped parent Fiat Chrysler Automobiles (FCA)
FCA raised $893 million (578 million pounds) through the offering of 17.2 million shares in Maranello-based Ferrari at $52 each, the top end of a range of between $48 and $52, giving the company bearing the prancing horse emblem a stock market value of $9.8 billion.
The proceeds may rise to $982 million if a "greenshoe" option is exercised.
(Reporting by Agnieszka Flak)