General Motors Co. will allocate up to 5 percent of the common stock to be sold in its initial public offering for its employees, retirees and dealers, the automaker said Thursday. Get the full story »
Inside these posts: Initial public offering
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GM’s Whitacre sees IPO share price in $20-25 range
Shares of General Motors Co. are likely to be priced between $20 and $25 in the initial public offering by the automaker in November, Chairman Ed Whitacre said on Wednesday.
“It’s a little too early to say, but it is going to be somewhere in the $20 range…$20, $25, something like that would be my guess,” Whitacre said when asked what the price of the GM stock should be in the IPO. Get the full story »
GM reportedly scaling back IPO
General Motors Co. likely will seek to raise $8 billion to $10 billion through an initial public offering in November, less than it initially planned, Bloomberg News reports reported Thursday, citing two people familiar with the matter. Get the full story »
