Ferrari's earliest investors are losing money

Ferrari shares slipped below their initial public offering price on Tuesday.

The stock had been priced at $US52, the higher end of expectations, ahead of its first day of trading last Wednesday.

In trading Tuesday, it fell by as much as 7% to around $US51.41 per share.

And so, investors who bought early are back where they started on paper.

The stock opened at $US60 per share at its IPO last Wednesday and rallied 15% on the first day.

On Monday, Ferrari announced that it was closing the initial public offering of about 19 million common shares.

Here’s a chart showing how its traded so far:

NOW WATCH: Ferrari just dropped the top on its newest supercar

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.