http://hosted.ap.org/dynamic/stories/U/US_GM_IPO?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-11-15-20-25-13
By Tom Krisher; The Associated Press ~ Nov 15, 2010 DETROIT (AP) -- Investor demand for General Motors' shares is so high that the automaker will raise the price range of its common stock to $32 to $33 when its initial public stock offering begins on Thursday, a person briefed on the sale said Monday night. GM is also planning to sell 9 million more preferred shares than originally expected, the person said. |