Ferrari’s stock brakes hard, skidding 11% at one point AFP/Getty ImagesFerrari shares have hit the skids.Investors in Ferrari NV are taking a crash course in initial public offerings. The car maker RACE, -3.68% priced shares at $52, the top of its IPO range, on Oct. 21. Fast forward less than a week, and those shares sank as much as 11% during Tuesday’s trading day, falling below the issue price for the first time. The stock recovered much of its losses to close at $53.85, but still ended down 2.1% on the day. There wasn’t any news that appeared to trigger Ferrari’s skid, but that the high-end car company faced serious headwinds a little over a week after going public highlights the shaky state of a previously euphoric IPO market. As MarketWatch has reported, public stock offerings aren’t doing so well, as volatility in the broader equity market has caused prospective investors to reassess the value of some highflying companies aiming to raise money in the public markets. Even so, Tuesday’s slide in Ferrari wasn’t triggered by a broader selloff; stocks were down only modestly on the day. This month, the S&P 500 SPX, +1.18% has climbed 7.6%, finally making up all of the big hit it took in August. Ferrari may be just the latest example of 2015’s tough IPO market, said Kathleen Smith, manager of Renaissance Capital, an IPO research firm. Smith told MarketWatch that Ferrari breached an “important technical” level in falling below its IPO price. Here’s a chart showing Ferrari’s Tuesday swings: The rough market for IPO claimed another victim on Tuesday. Music-streaming company Deezer said it was postponing its IPO, citing “market conditions.” More from MarketWatch