GM Plans IPO for Mid August

Filed under: General Motors (GM), Initial Public Offerings

General 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:

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GM Plans IPO for Mid August originally appeared on BloggingStocks on Sat, 03 Jul 2010 13:40:00 EST. Please see our terms for use of feeds.

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General Motors - Morgan Stanley - JPMorgan Chase - Citigroup - Bank of America

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