Filed under: GM, Earnings/Financials
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 saying GM plans to offer shares in a four-to-one split.
This could be good news for past and present employees, as well as dealers, who are invited to purchase shares at the IPO price. The minimum investment is said to be $1,000 to participate in this program and even that minimum dollar amount could yield solid returns right out of the gate.
[Source: The Detroit News | Image: Stan Honda/AFP/Getty]
Report: Whitacre suggests GM IPO shares will be $20-$25 originally appeared on Autoblog on Thu, 14 Oct 2010 16:01:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
{loadposition user99}