In anticipation of the initial public offering, Chrysler Group was estimated at $10-11 billion, Bloomberg says.
According to the media, the investments banks organizing the stock sales preliminarily assessed Chrysler at $9-16 billion, but the average value was $10-11 billion. However, the final cost has not been determined yet.
In accordance with the economists’ opinion, for now, Chrysler is giving way to Twitter which made its IPO in early November. The initial assessment of the microblogging service was about $10 billion, but after entering the market, its value jumped to $14 billion.
It is worthy of note Chrysler Group filed for IPO in late September. Neither the stock market listing date, nor the assets amount has been announced yet. According to some sources, that will happen no early than the Q1 2014.
Chrysler Group shares are distributed between the Italian automaker Fiat (58.5%) and the Veba Trust officially known as UAW Retiree Medical Benefits Trust, holding a 41.5% stake. In 2011, Fiat started negotiations with Veba Trust on buying the remaining stocks, but the parties still cannot agree on the price.
