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AP Source: GM to raise IPO stock price range 11/15/10

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.

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