Why General Motors Co. (GM) raises common stock price range in initial public offering (IPO)?
Posted on November 16, 2010 at 08:31 AM EST
HIGH DEMAND, The Detroit automaker, General Motors Co. (GM) increased the size of its convertible preferred stock offering added 20 million shares by $1 billion,it raised the estimated price range for common shares by about 14 per cent to US$32 to $33. The IPO would be the second-largest in U.S. history, after San Francisco-based Visa [...]