Bluefield Partners: IPO Underwriter Beauty Contest Continues
05/19/2015

Bluefield Partners: a decision on which banks will handle Ferrari’s IPO will have to be made soon if the sports car maker’s NYSE debut is to complete by June.

Online PR News – 19-May-2015 – China/Shenzhen – Bluefield Partners the Shenzhen, China-based investment house says that a decision on which investment banks will underwrite the sale of a 10% Fiat Chrysler Automotive (FCA) holding in luxury sports car maker, Ferrari must be made soon if the sale is to be completed by the end of June as promised by FCA’s Chief Executive Officer, Sergio Marchionne.

For now, speculation centers on the two most likely potential suitors being Goldman Sachs and Morgan Stanley, both of whom have typically been hired to handle high-profile IPOs like those of Facebook, Twitter, Alibaba and others.

Mr. Marchionne, however, has gone on record as saying that such is the interest and cachet of Ferrari that the bankers handling the sale could sell the stake “by the time [you and] I have a bagel in the morning.”

“I don’t think Mr. Marchionne would go as far as to ‘low ball’ the bankers but his sentiments are very much shared by many in the marketplace. Ferrari is a slam-dunk,” said Naveen Chawla, Chief Investment Officer at Bluefield Partners.

Fiat Chrysler Automotive wants to deliver 7 million cars per annum by 2018 compared to the 4.6 million it sold last year and the divestment of a 10% stake is part of a plan to raise $5 billion. The remaining 80% stake it owns will be sold off to its own shareholders with great care being taken not to give any auto sector companies an opportunity to gain a controlling interest in the evocative marque.

Bluefield Partners says it will inform clients of the price and allocation of stock it receives from primary dealers as soon as the information is available.

About Bluefield Partners:
Bluefield Partners was established in 2005. We are headquartered in Shenzhen, China with presence in Beijing, Shanghai and Hong Kong.
Bluefield Partners functions as a privately held Investment Counseling and Advisory firm. We render investment and advisory services for individuals, trusts and charities who want their wealth managed professionally. Portfolios are tailored for each client on an individual basis. We are committed to enhancing your wealth and protecting your future.