General Motors may begin the roadshow for its IPO immediately after the Nov. 2 midterm elections, Reuters reported
The investor roadshow is scheduled to begin on Nov. 3 and will go on for two weeks, Reuters reported without naming its sources. The IPO will price on Nov. 17 and debut the next day.
The schedule will allow automaker GM to showcase its third-quarter results to investors. The IPO could be worth as much as $20 billion, making it the biggest in the United States since Visa (V
) went public in March 2008.
The IPO may be divided between common stock worth $12 billion to $16 billion and $3 billion to $4 billion in preferred stock, Reuters said.