Fiat-Chrysler to List Shares in New York
Sept. 2, 2014—Fiat-Chrysler CEO Sergio Marchionne announced on Saturday that the newly merged automaker will list shares of its stock in New York on Oct. 13, according to a Reuters report.
The announcement came a day after the merger cleared its final hurdle. Fiat bought Chrysler at the beginning of the year, and the two brands operate as one firm.
According to the Reuters story, the stock offering is “needed to help finance” a five-year $64 billion growth strategy for the company.