MILAN—Italian luxury sports car maker Ferrari NV on Monday said it has filed an application to list shares on the Italian stock market, the next step in its drive to become an independent public company.

Ferrari, which started trading on the New York Stock Exchange in October, said the move was part of its planned separation from parent company Fiat Chrysler Automobiles NV.

Fiat Chrysler listed about a 10% stake in Ferrari as part of the IPO in New York and plans to distribute its remaining 80% holding in the company to its existing shareholders, potentially as early as the beginning of next year, in a move that would greatly increase the amount of stock that is publicly traded.

No new shares will be sold in the Italian listing, which had already been hinted at by Sergio Marchionne, Fiat Chrysler's chief executive and chairman of Ferrari.

The remaining 10% of Ferrari is held by Piero Ferrari, son of the company's founder, Enzo Ferrari.

Last month's IPO raised $893 million for Fiat Chrysler, which it plans to use to pay down debt and bankroll a costly new-model development plan.

Ferrari's shares soared on their first day of trading in New York on Oct. 21, racing as high as $61, or 17% above the $52-a-share IPO price. However, the stock is now below its IPO price, at about $48.

Write to Manuela Mesco at manuela.mesco@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

November 23, 2015 09:35 ET (14:35 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
Stellantis NV (BIT:STLA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Stellantis NV Charts.
Stellantis NV (BIT:STLA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Stellantis NV Charts.