Barclays Capital and Credit Suisse today issued bullish reviews of GM stock
Credit Suisse and Barclays Capital released today bullish reviews of General Motors Co. stock. For those who don’t know, GM returned to public stock markets back in November. In a note to... Read more
GM’s IPO grew to $23.1 billion
The U.S. government’s stake in General Motors Co. was reduced further as the underwriters in its initial public offering exercised options to purchase an additional $2.37 billion of... Read more
Saudi prince, Kingdom Holding pay $500Mil to acquire 1% stake in GM
$500 million of General Motors Co. shares were bought by Saudi billionaire Prince Alwaleed Bin Talal and his Kingdom Holding Co. through GM’s initial public offering. In a statement, the... Read more
Obama says that GM’s IPO shows that the auto industry is again on the rise
With General Motors Co.'s return to the stock market, President Barack Obama said that this is proof that the US auto industry is recovering and will continue to do so as taxpayers seek... Read more
GM shares shares finished their first day up by 3.6 percent
On the first day of General Motors Co. on the New York Stock Exchange, its shares went up by 3.6 percent amid heavy volume. Its shares closed at $34.19, signifying a $1.19 gain over its... Read more
GM’s IPO is a great precursor for Chrysler’s planned share sale, says Marchionne
Chrysler CEO Sergio Marchionne considers General Motors Co.'s IPO to be a “great, great precursor” for Chrysler Group’s own planned share sale. At the launch of Chrysler's flagship... Read more
GM shares traded up 6.3 percent this morning
GM made quite a buzz on the market today as it started its initial public offering. According to the latest reports from Automotive News, GM shares traded up 6.3 percent this morning. The... Read more
GM wants to raise as much as $15.8 billion in IPO
After having just increased the asking price by 14%, General Motors Co. now aims to raise up to $15.8 billion in its initial public offering, according to a statement from the company.... Read more
GM will probably price its initial public offering at high end or above
General Motors Co. will likely price its initial public offering at or above the high end of the range next week on Nov. 17 while exercising an option to sell more shares, according to... Read more
GM’s IPO earnings before interest and taxes may rise to as much as $19 billion
In the pitch that General Motors Co. is giving investors about its initial public offering, it is claiming that its earnings before interest and taxes could rise up to $19 billion in what... Read more
GM to use private jets for meetings with investors over IPO
There’s another controversy brewing as General Motors Co. executives will be hopping on some charter flights on trips within the next few weeks to meet with prospective investors to talk... Read more
Official: GM has commenced a public offering
General Motors finally announced that it started a public offering! According to the manufacturer, the offering will consist of 365 million shares of common stock to be sold by certain of... Read more
GM will look to sell just over $10 billion worth of common stock, report says
Sources told Reuters that General Motors expects to sell a little over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that is aimed to... Read more
GM pays debt before IPOa and gears up factories before IPO
As General Motors Co.’s initial public offering nears, it is showing how good a company it is now by investing in small cars, planning to add more workers and fulfilling its obligations... Read more
Report: Ford will serve as bellwether for GM stock value
General Motors Co. has got to be envious of Ford Motor Co., which has taken its place as Detroit’s darling. But as GM prepares its initial public offering, Ford’s rising shares could... Read more
GM countered comments made by chairman Ed Whitacre
As you may know already, last week, chairman Ed Whitacre said in an interview that GM shares are likely to be priced between $20 and $25 in the initial public offering (IPO) in November.... Read more
GM on course to move ahead with its IPO during mid-November
Sources say that after meeting with sovereign wealth funds, General Motors Co. is on course to move ahead with its initial public offering during the week of Nov. 15. Many are closely... Read more
5 percent of the GM IPO will be allocated to employees, retirees and dealers
Up to 5% of General Motors Co.’s common stock will be sold in its initial public offering for its employees, retirees and dealers, according to a filing that GM submitted to the US... Read more
GM shares to be priced between $20 and $25 in the initial public offering (IPO)
According to Chairman Ed Whitacre, it appears that GM shares are likely to be priced between $20 and $25 in the initial public offering (IPO) in November. Although sources knowledge of... Read more
IPO deadline extended for GM employees, dealers, and retirees
As part of General Motors Co.’s initial public offering scheduled for November, about 600,000 employees and retirees in the US and Canada are given the chance to buy stock at the IPO... Read more
GM approaching sovereign wealth funds to boost stock sale
Two sources say that meetings have taken place between investment bankers for General Motors Co. and sovereign wealth funds and private investors in the Middle East and Asia to measure... Read more
GM’s IPO may involve only U.S. Treasury’s shares
According to sources, it’s possible that the UAW health care trust and the governments of Canada and Ontario will opt out of participating in General Motors Co.'s stock offering so that... Read more
SAIC in talks to purchase a stake in General Motors
SAIC Motor Corp. is “closely watching the progress” of the initial public offering of General Motors Co. as it is in talks to purchase a stake. SAIC’s spokeswoman Judy Zhu said, “As a... Read more
U.S. Treasury concerned about the number of foreign investors in GM IPO
The Wall Street Journal said that the US Treasury is apprehensive about the number of foreign investors it should permit to purchase big stakes in General Motors Co.'s proposed initial... Read more
U.S. government is likely to take a loss on GM IPO
Sources say that it’s likely that the US government will take a loss on General Motors Co. in the first offering of its stock. The sources -- six people who have knowledge about the... Read more
GM to begin courting investors for its IPO after elections
Sources reveal that General Motors Co. intends to start courting investors for its initial public stock offering immediately after the US mid-term congressional elections on Nov. 2. They... Read more
Lazard hired by US Treasury Department for GM IPO
Lazard Ltd. has been appointed by the US Treasury Department to give advice on an initial public offering of General Motors Co., according to a source familiar with the issue. Last July,... Read more
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