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GM to offer IPO in mid August posts

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GM Plans IPO for Mid August

Posted Jul 3rd 2010 1:40PM by Connie Madon (RSS feed)
Filed under: General Motors (GM), Initial Public Offerings

General Motors GM logoGeneral Motors is planning a $15 to $20 billion dollar IPO for mid August. However before this happens, GM wants to establish a $5 billion line of credit with major banks. So far Bank of America (BAC), JPMorgan Chase (JPM), Citigroup (C) and Morgan Stanley (MS) have agreed to a paltry $500 million.

GM's offer will be in the range of $15 to $20 billion. This IPO is filled with special conditions, a virtual minefield so to speak. Let's examine them:

Continue reading GM Plans IPO for Mid August

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