GM IPO Roadshow May Begin Immediately After Midterm Elections

By Hugh Collins Posted 7:15AM 09/02/10 Energy, Company News, Economy, Investing, Green, General Motors, Autos, Retail

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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.

Tagged: equity, general motors bankruptcy, General Motors Corp., General Motors IPO, gm, investors, roadshow

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Bobby

What will Happen to the few of us who was crazy to keep the shares in GM will we be part of the IPO or is it all down the drain like Delta and North West Air Lines BOB<><><>

September 18 2010 at 4:31 PM Report abuse Permalink rate up rate down Reply