BREAKING: General Motors files for IPO
August 18th, 2010 in Advanced Auto NEWS, GM
General Motors announced today that it has filed for an initial public offering of common stock with the U.S. Securities and Exchange Commission (SEC).
“The amount of securities offered will be determined by market conditions and other factors at the time of the offering,” GM said in a statement. “The number of shares to be offered and the price range for the offering have not yet been determined.”
According to a report by Reuters, GM filed for an IPO of up to $100 million. The filing does not represent the full amount that GM aims to raise, which could be up to $20 billion in its IPO, sources familiar with the matter said.



