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Any Chrysler IPO would be next year

DETROIT — Chrysler said Monday that its shares will be sold on the New York Stock Exchange when they are listed, but potential investors should not expect that until 2014.

The Italian automaker Fiat SpA, which is Chrysler’s majority owner, said earlier Monday that Chrysler’s board had determined that an initial public offering is ‘‘not practicable’’ in 2013. Instead, Chrysler Group LLC will continue work on the offering so it can happen in the first quarter of next year, the statement said.

The shares would be traded under the symbol CGC, Chrysler said in documents filed with the federal government.

Fiat owns 58.5 percent of Chrysler’s shares, with the rest held by a United Auto Workers union trust fund that pays health care bills for blue-collar retirees.

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Sergio Marchionne, the chief executive of both automakers, has been squabbling with the trust over the share price for the IPO, and so far they have not been able to reach agreement. Marchionne wants to buy the trust’s shares in order to combine the companies.

The IPO would consist of shares currently held by the trust. Last month, UBS AG set the value of the trust’s stake at $5.6 billion. Fiat has gone to court over the price but the trial date is set for next September.

Pricing the IPO might be the stimulus needed for the two sides to agree and avoid the public sale. ‘‘I’m not selling anything nor do I think we need to do so,’’ Marchionne said in October.

He can’t spend Chrysler’s cash on Fiat’s operations unless the companies merge. He has made it clear that he would prefer to settle the dispute without an IPO.

The Michigan automaker earned $464 million last quarter on US sales of the Ram pickup and Jeep Grand Cherokee, its ninth-straight profitable quarter. The results boosted Fiat, which earned $260 million in the third quarter. Without Chrysler’s contribution, Fiat would have lost $340 million.

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