Fiat Chrysler Automobiles targets mid-October IPO
 

Filed under: Chrysler, Fiat

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The merged Fiat Chrysler Automobiles is targeting October 13 to launch its initial public offering on the New York Stock Exchange, CEO Sergio Marchionne told reporters assembled for a meeting in Rimini, Italy.

"The most likely date for the listing in the US is October 13," Marchionne said, according to Reuters.

Marchionne is trusting that the money made in the IPO will be contribute heavily his ambitious, $64-billion five-year growth plan, which will see FCA reboot Alfa Romeo and Maserati and expand Jeep's global presence. Should the IPO fall short, though, Marchionne has confirmed that "all decision [sic] on any capital increase will be taken by the board of FCA at the end of October."Fiat Chrysler Automobiles targets mid-October IPO originally appeared on Autoblog on Thu, 04 Sep 2014 09:31:00 EST. Please see our terms for use of feeds.



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