GM Officially Announces IPO: Plans To Raise Up To $13 Billion
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GM Officially Announces IPO: Plans To Raise Up To $13 Billion
General Motors will begin public sale of 365 million shares of common stock at $26 to $29 per share as it commences its post-bankruptcy and reformation initial public offering (IPO). In addition to the common stock, GM also plans to issue 60 million shares of Series B preferred stock at $50 per share. Sparing further financial jargon, the stock... More...
Last edited by Jazz; Nov 3, 2010 at 04:23 PM.
