GM shooting for mid-August IPO filing?
Assuming GM files by August 16 as AN's sources allege, the move would come just days after the company's second-quarter earnings announcement. If that's indeed the case, we think GM plans to announce a sizable profit for the quarter that ended on June 30. After all, there's nothing more unattractive to investors than a fresh batch of red ink on the ledger.
[Source: Automotive News sub. req.]
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