GM’s Initial Public Offering Became World’s Biggest
source: http://www.theblogismine.com/2010/11/27/gms-initial-public-offering-became-worlds-biggest/
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The added shares vaulted GM past Agricultural Bank of China’s (601288.SS) $22.1 billion IPO in July and underscored the strong demand for the taxpayer-rescued automaker’s stock.
GM said on Friday that underwriters led by Morgan Stanley (MS.N), JPMorgan Chase & Co (JPM.N), Bank of America Merrill Lynch (BAC.N) and Citigroup Inc (C.N), exercised their full option on an additional 71.7 million common shares worth $2.37 billion.
They also exercised an option to purchase 13 million preferred shares for $650 million.
http://www.theblogismine.com/2010/11/27/gms-initial-public-offering-became-world...
GM said on Friday that underwriters led by Morgan Stanley (MS.N), JPMorgan Chase & Co (JPM.N), Bank of America Merrill Lynch (BAC.N) and Citigroup Inc (C.N), exercised their full option on an additional 71.7 million common shares worth $2.37 billion.
They also exercised an option to purchase 13 million preferred shares for $650 million.
http://www.theblogismine.com/2010/11/27/gms-initial-public-offering-became-world...
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