| Author | Message | ||
     Ashton Side Hero Username: Ashton Post Number: 9257 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
17th November, 2010 General Motors is boosting the size of its common stock offering by more than 30% to $15.5 billion, two people familiar with the matter said, potentially making its landmark IPO the largest US offering ever. The expansion is in response to surging demand from investors, who had put in orders worth of $70 billion (all in US dollars) for GM's common shares by late today, the sources said. GM's initial public offering, which will reduce the US Treasury to a minority shareholder in the top US car maker, could raise nearly $23 billion if underwriters exercise the full overallotment option. full story below on the link... http://online.wsj.com/article/SB1000142405274870464860457562 0692380343542.html |
