Chrysler Group LLC has added four banks to help underwrite its proposed initial public offering, as the U.S. automaker looks to launch the deal as soon as early December, according to people familiar with the matter. Barclays Plc, Goldman Sachs Group, Morgan Stanley and UBS AG have been appointed as bookrunners in the offering, which is being led by JPMorgan Chase & Co and Bank of America Merrill Lynch, the people said on Wednesday.The IPO could price in December, the people said, declining to be identified because the information is private.Chrysler declined to comment. Representatives for the banks either failed to comment or did not respond to requests for comment.Chrysler, which is majority owned by Italian automaker Fiat SpA, filed paperwork for an IPO in late September after Fiat was unable to reach a takeover deal with Chrysler's second-largest shareholder, a retiree healthcare trust affiliated with the United Auto Workers union.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 0.46% or $-0.07/share to $15.13. In the past year, the shares have traded as low as $9.38 and as high as $15.30. On average, 90168704 shares of BAC exchange hands on a given day and today's volume is recorded at 102716864.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS traded higher by 0.62% or $0.1/share to $16.27. In the past year, the shares have traded as low as $13.96 and as high as $18.99. On average, 2316900 shares of BCS exchange hands on a given day and today's volume is recorded at 2353487.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 0.01% or $-0.005/share to $56.14. In the past year, the shares have traded as low as $39.88 and as high as $56.93. On average, 20343400 shares of JPM exchange hands on a given day and today's volume is recorded at 16365633.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.18% or $-0.055/share to $30.28. In the past year, the shares have traded as low as $16.15 and as high as $30.78. On average, 13210200 shares of MS exchange hands on a given day and today's volume is recorded at 10970495.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. Shares of UBS fell by 1.74% or $-0.32/share to $18.03. In the past year, the shares have traded as low as $15.08 and as high as $21.61. On average, 2255410 shares of UBS exchange hands on a given day and today's volume is recorded at 3068555.
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