Reuters - Wilbur Ross In No Rush for IAC IPO
Billionaire investor Wilbur Ross wants International Automotive Components, the auto supplier he controls, to go public to get access to cheaper capital, but he added he was in no rush for an initial public offering. Ross, speaking ahead of a speech at the Automotive News World Congress in Detroit, said the investment banks will tell him when the markets desire an IPO by Southfield, Michigan-based IAC, Reuters reported Wednesday.
17 January 2013•3 mins read
