Cherysler filed for an initial public offering

Posted on Thursday, 26 September 2013 , 04:09:55 byIulia

Filed under chrysleripofiateuropeansalestechnologyChryslerEuropeanFiatTechnologyPricing

Cherysler filed for an initial public offering

We have news coming from Chrysler. Apparently the company has filled in a registration statement to send to the US Securities and Exchange Commission. All this trouble was taken for a proposed initial public offering, or also known as IPO. There are no details on the share price and total number of shares, but according to J.P. Morgan Securities, the company has been appointed the lead book-running manager of the IPO. This is a less emotional period for Fiat though, despite the Chrysler is probably out the roof. In case you do not know, the Italian carmaker wants to buy the share of the United Auto Workers. The problem is that so far, they have not been willing to pay more than $5 billion, which is the price asked. It is probably just a way of pressuring Fiat, but either way, the United Auto Workers have underlined their capabilities of moving Chrysler ahead with the Initial Public Offering. As expected, the Italians are not that easy to impress, but they are a bit worried as IPO paperwork reveals the fact that the company has informed Chrysler that they are even considering the benefits and costs of further expanding its relationship again. The Italians now take a time off and try to take some decisions regarding their alliance. Here they will include the technology, the sharing platforms and a lot of other resources. What is next on the list of events regarding this matter is a bit uncertain, but we will have more news soon. There are different specialists who believe that the proposed IPO will never take place, but it is very difficult to determine if this is the case, because, well, they are the specialists.