This document discusses the advantages and limitations of going public through an IPO. It explores the motivations behind Ferrari's decision to go public and the reasons for listing on the New York exchange. It also evaluates the secondary and primary shares sold in Ferrari's IPO. The document provides insights into the IPO over-allotment option, the tasks executed by underwriters in the IPO process, and the compensation paid to the underwriters. It explains the concept of price stabilization and the book-building process used by Ferrari. Additionally, it discusses the pricing of the Ferrari IPO, IPO lock-up agreements, and compares the performance of Ferrari's IPO.