GM Sets Aside 5% Of IPO Stock For Employees, Retirees, Dealers
General Motors has put aside 5 percent of its common shares for employees and dealers to buy in ahead of its initial public offering (IPO). The General disclosed the amount[...]
View ArticleGM Increases Number Of Shares For Senior Executives
General Motors has filed new forms with the Securities and Exchange Commission earlier this month. In one of the documents filed, GM states it will be increasing the number of[...]
View ArticleReport: GM Stock To Sell For $26 – $29
Despite skepticism of a General Motors Initial Public Offering happening this month, it seems that the offering will indeed occur. Additionally, paperwork will be filed today that will take the[...]
View ArticleOfficially Official: General Motors Commences Public Stock Offering Of $13...
The day we’ve all been waiting for is here at last: General Motors has announced the commencement of its public offering today. The IPO will consist of 365 million shares[...]
View ArticleReport: GM In Final Round Discussions To Sell Equity Stake To China’s SAIC
General Motors is reported to be in final stage talks to sell equity to long-time Chinese partner SAIC Motor Corporation, an event that will coincide with The General’s $13 billion[...]
View ArticleOn The Up & Up: GM Raises IPO Price Range, Increases Size
General Motors has just announced an increase to the estimated price range of its initial public stock offering to $32.00-$33.00 per share from the $26.00-$29.00 per share predicted earlier. The[...]
View ArticleFinally! GM Announces Price Of Stock Offering
General Motors has finally announced the price of its long-awaited IPO, with the common stock having been priced at $33.00 per share. At 478 million shares of common stock (worth[...]
View ArticleRound Two: GM Increases Size Of Offering, Becomes Biggest IPO In History
Right on the eve of its long-awaited IPO, General Motors has made an ever-so-slight change by announcing an increase to the proposed size of the offering from 365 million to[...]
View ArticleGM’s IPO Opens At $35.20 Per Share, Exceeds Expectations
With the clanging of the bell and the growl of a Chevrolet Camaro roaring to life (an excellent use of symbolism) accompanied by the applause of the company’s highest ranking[...]
View ArticleInternationalized: China’s SAIC Buys 1 Percent Of New General Motors
Not to be lost among all the hoopla surrounding the GM Initial Public Offering is the fact that Shanghai Automotive Industry Corporation (SAIC) has been able to purchase nearly a[...]
View ArticleIPO Recap & Facts: GM IPO Raised $20.1 Billion, Cut Treasury’s Stake Nearly...
When General Motors held its IPO last week, it raised $20.1 billion, becoming the largest IPO in U.S. history. The sale significantly cut the government’s stake in The General to[...]
View ArticleStandard And Poor’s Rates GM A ‘Hold’
Initiating Standard & Poor’s coverage of General Motors is a Monday report by S&P analyst Efraim Levy, who said his price target for GM is $36 (per share). Levy expects[...]
View ArticleGM IPO Underwriters Exercise Full Over-Allotment Options, Bring Total...
It looks like that GM stock is in high demand: in connection with the previously-announced public offering of common and mandatory convertible junior preferred stock, General Motors Company has...
View ArticleInternationalized: Saudi Prince Buys One Percent In General Motors IPO
Looks like China’s SAIC isn’t the only foreign investor to nab a percentage stake in last month’s General Motors IPO. According to the New York Times, Saudi Prince Walid bin[...]
View ArticleGM Repays $2.1 Billion To U.S. Government
General Motors has confirmed the completion of a $2.1 billion repurchase of its 9 percent Series A Preferred Stock held by the U.S. Department of The Treasury. In total, GM[...]
View ArticleOpinion Desk: Foreign Investors Offer Little To No Benefit For General Motors...
This article is part of the GM Authority Opinion Desk series, where you can see exactly what’s on the minds of the GM Authority crew. As an ardent General Motors enthusiast,[...]
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Executive Shuffle: CFO Chris Liddell Leaves GM
After slightly more than a year of service, Chief Financial Officer Chris Liddell is leaving General Motors. Liddell was instrumental in GM’s IPO — which was the largest in history,[...]
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U.S. Treasury To Hold Onto Remaining GM Shares Until At Least August
According to a report from The Detroit News, Uncle Sam doesn't plan on selling off his remaining stake until at least August, or possibly September of this year.
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Is General Motors Nagging The Treasury To Sell Remaining Ownership Stake?
This should prove plenty interesting.
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