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Chrysler considering IPO
- USA: Sunday, March 10 - 2013 at 06:22
US carmaker Chrysler has invited banks to pitch next month for a mandate to run a potential public listing of its shares, as parent Fiat negotiates with minority shareholder VEBA over a possible buyout, Reuters has reported, citing four people familiar with the matter. Chrysler will interview investment banks in April for a underwriting role in a proposed initial public offering, the people said. Fiat owns 58.5% of Chrysler, while the other 41.5% is owned by VEBA. Fiat has valued Chrysler at $4.2bn in court filings, much below VEBA's $10.3bn figure. UBS put the US carmaker's worth at around $9bn in November.
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