No Stock Offering For Chrysler This Year
Although many industry experts predicted that Chrysler would go public this year, it appears that they are holding back and will not offer an IPO. Sergio Marchionne (CEO Chrysler/FIAT) doesn’t believe the market is there yet. We suspect that recent US financial woes may have contributed to the decision.
FIAT currently has a 52% ownership of Chrysler and is expected to increase that ownership to 57% before the end of the year. FIAT is also holding back on a offering a Ferrari IPO this year.