Ferrari CEO Marchionne Explains Why the Supercar Maker's Stock Has Exploded

Ferrari has been one amazing IPO. When asked by TheStreet why Ferrari has been embraced by Wall Street, CEO Sergio Marchionne pulled no punches.
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Ferrari (RACE) - Get Report isn't just a car company, it's a lifestyle brand CEO Sergio Marchionne told TheStreet in an interview. 

That's a story that Wall Street has eaten up aggressively since the supercar maker went public in late October 2015 -- since the IPO, shares of Ferrari have skyrocketed about 98%. 

But also helping Ferrari is none other than red-hot stock prices, which has fueled solid demand for pricey supercars. 

Shipments of Ferrari cars rose 6% for the six-months ended June 30, 2017. Profits sped a hearty 43% from the prior year. Sales of V12 models have been on fire, led by theGTC4Lusso, LaFerrari Aperta and the F12tdf.

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