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Automated System
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If you’ve hankered for a share of Chrysler since 1998, your chance may be coming soon; Chrysler CEO Sergio Marchionne said the company was ready to file for an initial public offering. In essence, this means putting a chunk of the company up for sale on the stock market; a financial firm will help set the initial price. Insiders, including the financial firms working with the company, are often provided with an opportunity to buy the stock at this price before it becomes available to the public, which can yield instant profits (or, sometimes, losses). Mr. Marchionne said he did not believe Fiat and Chrysler were close to setting a price on the 41.5% of the company still owned by a trust called the VEBA. As a result, the trust is exercising its right to sell part of its stake to the public — 16.6% of Chrysler, in this case...

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