Chrysler IPO Postponed Until 2014, Forbes Reports
According to Forbes, Fiat announced it will not launch its initial public offering of Chrysler until 2014.
DETROIT — Fiat announced Friday it will not follow through with its plan to launch an initial public offering (IPO) for Chrysler by the end of the year, Forbes reports. According to the media outlet, Fiat cites a disagreement on pricing as the reason behind the delay, saying the originally planned IPO schedule is “not practicable.”
The pricing dispute falls between Fiat, which owns 58.5 percent of Chrysler, and a healthcare trust that reportedly owns 41.5 percent of the manufacturer.
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