Luxury Logistics Firm Ferrari Group Rises in Amsterdam Debut

Luxury logistics company Ferrari Group Plc’s shares advanced on their first day of trading in Amsterdam, after an initial public offering that raised about €196 million ($204 million) for its owners.

The firm’s stock rose to €8.80 as of 9:20 a.m. in Amsterdam, about 2.3% above the IPO price of €8.60 per share, which was slightly above the midpoint of the marketed range. The jewelry-courier’s founding Deiana family sold the equivalent of a 25% stake in the IPO.

Ferrari Group’s listing will serve as a fresh indicator of whether European IPO activity can build on last year’s European volumes ...