Auto manufacturer Chrysler files for a US IPO that could raise upwards of $1 billion

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Chrysler Group, a global car manufacturer under the brand names Chrysler, Jeep, Dodge and Ram, filed on Monday with the SEC to raise up to $100 million in an initial public offering, although that amount is likely just a placeholder. We estimate that the deal will raise several billion. The Auburn Hills, MI-based company, which was founded in 1925 and booked $66 billion in sales for the 12 months ended June 30, 2013, has yet to announce an exchange or a ticker. J.P. Morgan is the only bookrunner listed in the preliminary prospectus. No pricing terms were disclosed.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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