Chrysler mulls raising $1.5-2B in IPO


Chrysler is reportedly considering setting the price range of its IPO so that it would raise $1.5-2B, which would give the auto maker a market cap of $9-12B.

Such a range would value the 41.5% stake held by the United Auto Workers' retiree healthcare trust at $3.7-5B.

Chrysler expects to fix the range this week and carry out the listing by mid-December in order to avoid the holiday slowdown in the IPO market.

Alternatively, the external setting of a valuation for the trust's stake could facilitate a deal for Fiat (FIATY) - Chrysler's majority owner - to buy the UAW holding and stop the IPO. Fiat would then be able to merge its operations with Chrysler. (Previously)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs