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Interest high in GM stock 11/12/10

http://www.detnews.com/article/20101112/AUTO01/11120436/1148/auto01/Interest-high-in-GM-stock

By David Shepardson; The Detroit News ~ Nov 12, 2010

 

Washington - General Motors Co. may sell more shares than initially planned in its first public offering, at a price higher than expected, because of strong investor demand, a person briefed on the matter said today.

 

GM set a proposed range of $26 to $29 per share for 365 million shares of common stock. At that range, the sale would generate between $9.5 billion and $10.5 billion.

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