Allison Transmission of the United States prepares to conduct an IPO in the third quarter, and it is expected that the amount of financing will reach US$1 billion. According to informed sources, underwriters of Allison IPO include Bank of America Merrill, Citibank, Credit Suisse, Morgan Stanley, and JP Morgan Chase. With the resumption of car sales growth, all parts suppliers have increased their revenues, and they are confident in the development of the next few years. However, issues such as rising raw material prices and rising oil prices have also caused concern among the industry. On February 25, 2011, the price of Brent crude oil in the UK North Sea delivered in April was close to US$120 per barrel; the price of US light crude oil futures delivered in April exceeded US$100 per barrel. Allison supplies automatic transmissions for trucks and military vehicles. It is headquartered in Indianapolis, Indiana, USA and employs 2,700 people worldwide. Die Casting,Aluminum Die Casting,Die Casting Molding Guantong Plastic Mould Co., Ltd. , http://www.zhymould.com
Allison Transmission expects IPO financing to reach $1 billion