14 Articles
Report: Ralph Nader urges government to postpone GM IPO

Ralph Nader has written a letter to President Barack Obama, urging him to delay General Motors' IPO. According to The Detroit News, his fear is that the automaker is still the "same old arrogant GM" and that the government stands to lose a bundle on the sale of its stock.

GM to buy back $2.1 billion of Preferred Stock, improve financial position

General Motors has just announced a series of actions intended to improve its financial position and make it more attractive to investors ahead of its Initial Public Offering. Perhaps the most intriguing is word that it plans to purchase $2.1 billion of Preferred Stock from the United Stated Department of the Treasury at a sum that is $700 million more than the recorded value of those stocks.

Will GM's electric vehicle policy be dictated by the success of its IPO?

2011 Chevrolet Volt – Click above for high-res image gallery

Will GM's EV policy be dictated by the success of its IPO?

2011 Chevrolet Volt – Click above for high-res image gallery

Report: Whitacre suggests GM IPO shares will be $20-$25

General Motors chairman Ed Whitacre is readying the world for GM's Initial Public Offering. The IPO is slated to happen next month and Whitacre has reportedly said that he expects shares to be priced between $20 and $25. That price will likely be achieved via a stock split, with sources s

Report: GM to offer stock to employees, retirees and dealers

General Motors is getting ready for its Initial Public Offering, which is expected to occur later this year. Ahead of that, GM has announced that it will offer nearly 600,000 employees (current and retired) and dealers

Report: GM courting Middle East, Asian sovereign wealth funds ahead of IPO

General Motors has been busy courting potential investors for the company's upcoming IPO. According to Bloomberg, the manufacturer has met with wealth funds in both the Middle East and Asia in an attempt to feel out global interest in the company's stock. The article says that GM's bankers are planning to meet with three large investment firms, including Saudi Arabia-based Kingdom Holding Company, Abu Dhabi-based Mubadela Develop

Report: U.S. breaks even if GM stock hits $133.78

According to Neil Barofsky, the treasury department's inspector general, in order for the U.S. government to break even on its investment in General Motors, the company's stock will have to hit at least $133.78 a share. Thanks to the massive auto industry bailout, the government currently holds a total of 304 million shares of common stock and $2.1 billion in preferred stock in the automaker. According to The Detroit News, Barofs

General Motors IPO filing focuses on green technologies, serious risks

Yesterday, General Motors finally submitted its S-1 document to the Securities and Exchange Commission as the first official step towards becoming a publicly traded company again. As we found when Sam Abuelsamid

Report: Whitacre says GM anticipates offering entire company in IPO

At this point, the only thing we know for sure about the General Motors initial public offering is that it will happen... eventually. With the United States government holding a 61-percent equity stake in the automaker, the political pressure is huge to make a stock sale occur sooner rather than later.

General Motors asks IPO banks to take cars instead of fees

At some point in the not too distant future, General Motors will return to being a publicly traded company, with the timing likely to be based in part on b

Report: General Motors may file for IPO as soon as next week

It looks like General Motors could file its first paperwork for an initial public stock offering as soon as next week. The IPO registration is the first step in the process of getting approval from the Securities and Exchange Commission to become a publicly traded company again. A stock sale could come as soon as November and probably no later than early 2011.

Report: U.S. hires lead bank for General Motors IPO

The government of the United States may be actively avoiding any direct involvement in the day-to-day management of General Motors, but that doesn't mean it won't have a say when the time comes for the automaker to go public again. According to The Detroit News, the U.S. Department of the Treasury has hired investment bank Lazard Frères & Co. to provide it with advice on the initial public offering process.