General Motors Goes Public

  • November 3, 2010

General Motors Company, as promised, is rolling out its IPO.

On Wednesday, the company said it would offer 365 million shares of common stock and 60 million shares of its Series B mandatory convertible junior preferred stock at $26 to $29 per share for the common stock.

Morgan Stanley and J.P. Morgan are representing the underwriters and BofA Merrill Lynch, Citi, Goldman, Sachs & Co., Barclays Capital, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets will manage the offering. 

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