General Motors Files for IPO
General Motors took the first step toward once again becoming a publicly traded company, filing its much anticipated paperwork for an initial public offering.
gm ipo
GM May Be Readying an IPO Filing to Raise $16 Billion
The latest rumors have been that GM would file an S-1 with the Securities and Exchange Commission as a preparation for an IPO. And it could be that the company is looking to raise $12 billion to $16 billion.
GM Wants to Sell All Its Shares 'As Soon As Possible'
While General Motors wouldn't say exactly when it plans to go public, CEO Ed Whitacre told reporters Thursday that the company plans to file IPO paperwork "in the near future" and plans to sell shares all at once, instead of in smaller chunks.