Chrysler IPO?

[KB Viper]

would a Chrysler IPO help the performance of Viper? would it unleash the true potenital of the 8.4 liter V10? would it unleash Ralph to do what he wants to the brand? would it make the owners/fourm members voices heard? I think so, what do you think?

Nov 4 (Reuters) - Chrysler Group LLC tapped Bank of America Merrill Lynch to help lead the U.S. automaker's initial public offering along with JPMorgan Chase & Co, a person familiar with the matter said.

The IPO could price in December, the person said on Monday, declining to be named because the information is private.

Chrysler declined to comment on the news, which was first reported by the Wall Street Journal.

Chrysler, which is majority owned by Italian automaker Fiat SpA, filed paperwork for an IPO in late September after Fiat was unable to reach a buyout deal with Chrysler's second-largest shareholder, a retiree healthcare trust affiliated with the United Auto Workers union.

Sergio Marchionne, chief executive of both Chrysler and Fiat, said last week that he is working "diligently" to prepare for a possible IPO by the end of 2013.

http://www.bloomberg.com/video/what-soaring-sales-mean-for-chrysler-ipo-fight-gutGDT9jRIWtVPmI41NeNg.html

 

[Camfab]

Based on that Bloomberg report it sounds like no. What I understood is that Sergio wants to siphon off cash to help out Fiat.

 

[KB Viper]

they are filling the IPO, i just hope now that they can do what they want with the Viper

 

[Boxer12]

How will this effect the fact that 'Viper faithful' insist the car be half of what a true supercar costs? IMO, it's the customer limiting the Viper...

 

[Martin]

The IPO situation is kind of a political mess from what I understand. Fiat wants to use Chrysler to bolster its operation (things in Europe aren't so good right now), and the Union's healthcare trust isn't happy with what Fiat wants to do and how they're valuing the Chrysler assets. The IPO forces a third-party valuation, and there are a number of things going on that will limit what Fiat can do with the assets post-IPO. So, if anything, this mess can actually throw up a barrier between Fiat and Chrysler and lead to some bizarre stand-offs as each side tries to get what it wants. I doubt that will help Viper anytime soon.