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Ferrari Unveils New Muscle Car to Get Wall Street’s Pulse Racing

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Ferrari unveiled a new muscle car this Wednesday, as the luxury car maker prepares for its initial public offering on the New York Stock Exchange.

The 488 GTB can accelerate from 0 to 124 miles per hour in 8.3 seconds and incorporates “record-breaking” improvements in aerodynamic efficiency, Ferrari said in a public statement.

Engineers also incorporated lessons learned from Ferrari’s XX programme, which makes professional racetrack cars available to “gentleman test-drivers” for extended testing and performance tweaks.

The unveiling comes as Ferrari prepares to list its first batch of shares, comprising a 10% stake in the company, on the New York Stock Exchange this June, followed by a public spin-off of the remaining shares by the end of 2015, the Wall Street Journal reports.

Check Out the Coolest Cars From the 2015 Detroit Auto Show

Acura introduces the new NSX at the (NAIAS) on January 12, 2015 in Detroit.
Acura introduces the new NSX at the (NAIAS) on January 12, 2015 in Detroit.Scott Olson—Getty Images
Detroit Auto Show 2015
The Mercedes-Benz F 015 Coupe is presented during the media preview at the Cobo Arena on Jan. 12, 2015 in Detroit.Uli Deck—dpa/Corbis
Detroit Hosts Annual North American International Auto Show
Smart shows off their Electric Drive Coupe during the media preview on Jan. 13, 2015 in Detroit.Scott Olson—Getty Images
Chevrolet unveils a new concept car bolt during a press preview on Jan. 12, 2015 in Detroit.
Chevrolet unveils a new concept car bolt during a press preview on Jan. 12, 2015 in Detroit.Bao Dandan—Xinhua Press/Corbis
The Infinity Q60 concept car is displayed during the press preview on Jan. 13, 2015 in Detroit.
The Infinity Q60 concept car is displayed during the press preview on Jan. 13, 2015 in Detroit.Jewel Samad—AFP/Getty Images
Ford Motor Co., Executive Chairman Bill Ford, left, and President and COO Mark Fields stand next to the new Ford GT on Jan. 12, 2015 in Detroit.
Ford Motor Co., Executive Chairman Bill Ford, left, and President and COO Mark Fields stand next to the new Ford GT on Jan. 12, 2015 in Detroit.Carlos Osorio—AP
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The Honda Motor Co. UNI-CUB B personal mobility device is demonstrated on Jan. 13, 2015 in Detroit.Bloomberg/Getty Images
Detroit Hosts Annual North American International Auto Show
Toyota shows off their FT-1 concept car during the media preview on Jan. 13, 2015 in Detroit.Scott Olson—Getty Images
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The Bentley GT Speed Convertible is displayed at the Mercedes exhibit on Jan. 13, 2015 in Detroit.Bill Pugliano—Getty Images
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Harkening back to the Sixties, the Touring Carrozzeria explores the idea of an Italian Barchetta merged with a British sports car in the MINI Superleggera Vision. Jan. 12, 2015 in Detroit.Car Culture/Corbis
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Lexus unveils its 2016 GS F during a press preview on Jan. 13, 2015 in Detroit.Bao Dandan—Xinhua Press/Corbis
Scheduled for release in 2016, the Infiniti Q60 Coupe will have a turbocharged 3.0-liter V6 in a stunning aluminum body on Jan. 12, 2015 in Detroit.
Scheduled for release in 2016, the Infiniti Q60 Coupe will have a turbocharged 3.0-liter V6 in a stunning aluminum body on Jan. 12, 2015 in Detroit.Car Culture/Corbis
Acura introduces the new NSX on Jan. 12, 2015 in Detroit.
Acura introduces the new NSX on Jan. 12, 2015 in Detroit.Scott Olson—Getty Images

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