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

By Renaissance Capital,

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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.

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