General Motors will increase the size of its IPO by almost one-third to meet strong investor demand.
The company said it will increase the IPO to 478 million common shares, 31% more than the planned 365 million. These figures exclude the amount of shares that underwriters have the option to purchase to cover over-allotments.
The banks running the deal stopped taking orders for shares on Tuesday, as…
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GM Increases IPO by 31% originally appeared on DailyFinance on Wed, 17 Nov 2010 06:55:00.
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