If you ever wanted to own a Ferrari but didn't have enough cash on hand, here's an idea: Get some shares and a small part of the iconic brand. The Italian auto maker is expected to hit the New York Stock Exchange for the first time Wednesday.
Investor appetite proved high as Snap, the owner of the popular messaging app Snapchat, celebrated its trading debut on the New York Stock Exchange. Its shares soared following an IPO pricing above target range.
Fast-growing social media company Snap has filed documents for a share offering, seeking to raise billions of dollars in a keenly anticipated Wall Street debut and after burning massive amounts of cash in recent years.
Ferrari debuted on the Milan stock exchange, with the stock dropping slightly compared to its opening value. But strong sales and net profit figures for recent quarters suggest the sports-car maker remains in good shape.
Messaging service company Snap has gone public on Wall Street. Investors helped the stock take off the ground, but the IPO entails a number of risks, as the firm's business model is weak, argues DW's Sophie Schimansky.
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