Allison Transmission expects IPO** to reach 1 billion U.S. dollars

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, the British Brent crude oil futures price for delivery in April was close to US$120 per barrel; the US light crude oil futures price for delivery 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.