Report: GM courting Middle East, Asian sovereign wealth funds ahead of IPO
Analysts note that GM's attempt to stir international interest is nothing new. In fact, it's all but necessary if the company wants to raise the projected $10 billion it hopes to generate by going public. Bloomberg says that if the company does manage to hit that magic monetary figure, the feat would be the largest IPO since Visa Inc. raised $19.7 billion in 2008.
The article's unnamed source also indicated that GM is still aiming for a November IPO, though no specific date has been set so far. There's also some indication that the company may delay if it doesn't see enough demand for its stock.
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