Fiat Chrysler needs the equity financing to meet its long-term goal of boosting sales by 60%.
The KKR-owned payments processor hasn't been profitable since its buyout a decade ago.
But 'smart wearables,' like the Apple Watch, will take the market lead in 2016, says the research firm.
In the new IPO-lite offering, coming mid-June, companies can raise up to $50 million and provide existing shareholders some liquidity.
"We allege a classic situation of the fox guarding the henhouse," said an SEC director.
Q2's business model is foreign to the small banks the company pitches to, so the finance chief helps drive sales.
Across industry sectors, CFO optimism is tempered by an uncertain business environment.
The wearable technology company has sold 20.5 million devices since 2007 and recorded revenue of $745 million last year.
The online marketplace for handmade crafts raises $267 million and jumps to $30 a share by market close.