GM files to sell shares to the public - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

1bad65 · 08-18-2010, 04:09 PM

http://money.cnn.com/2010/08/18/news...pt=T1&iref=BN1

TommyTSquared · 08-18-2010, 04:13 PM

And away~ we go!

ViperTomcat · 08-18-2010, 04:18 PM

And here..we..go..

TommyTSquared · 08-18-2010, 04:22 PM

Quote:

Originally Posted by ViperTomcat

And here..we..go..

*crickets*

SA CHEVY · 08-18-2010, 04:36 PM

Well I guess I'll sit back and watch...see what GM does...

John Shields · 08-18-2010, 04:42 PM

Depending on the price, this might be something to look into.

SA CHEVY · 08-18-2010, 04:44 PM

Quote:

Originally Posted by John Shields

Depending on the price, this might be something to look into.

I was kind of thinking the same thing because if you get in early enough you can ride it up to the top if it's going to follow the "hype" that the analysts say would take them to new record highs.

*Mr. Wyndham* · 08-18-2010, 04:45 PM

Great!! Only a matter of time, now...

a_Username · 08-18-2010, 05:33 PM

http://wallstcheatsheet.com/trading-...ptcy/?p=16706/

Quote:

General Motors filed for a $100 million initial public offering on Wednesday. This marks an important milestone in the car-maker’s attempt to reemerge to prominence following an incredibly tumultuous time in the company’s long history. While GM filed to raise $100 million in the offering, that is not necessarily the amount the company expects and hopes to raise.

Prior to the filing, many expected GM to seek $16 billion in an IPO in order to take the US Treasury’s ownership stake down from 61% to somewhere under 50%. It would take $70 billion for the US Treasury to sell its full stake in the company. In response to my post yesterday on the upcoming “hot” IPOs, reader Nickprc observed that the $70 billion figure “would be more than Ford’s market value of roughly $44 billion, but less than Toyota’s total market value of about $113 billion.”

Along with a common stock offering, GM will look to raise money via the sale of preferred stock. Whereas the common stock offering is an attempt to divest some of the ownership interests of the US Treasury and United Autoworkers Union (a 17.5% owner), the preferred stock offering will help General Motors raise money for the rejuvenated company’s own balance sheet.

The lead underwriters on the offering are some of GM’s fellow “bailout” recipients from the financial crisis days in JP Morgan (NYSE: JPM), Bank of America (NYSE: BAC), Citibank (NYSE: C) and Morgan Stanley (NYSE: MS). The IPO will be priced at some point closer to the actual offering date, which many expect to happen at some time between November and December.

Check back later for more information as the story unfolds.

... Already?

FenwickHockey65 · 08-18-2010, 05:34 PM

Yup.

diddiyo · 08-18-2010, 05:43 PM

i like this comment on jalopnik:

"So what's the formula for how many shares we get of this IPO based off of our 2009 taxes?"

a_Username · 08-18-2010, 05:48 PM

Quote:

Originally Posted by diddiyo

i like this comment on jalopnik:

"So what's the formula for how many shares we get of this IPO based off of our 2009 taxes?"

It's hard to say that taxpayers "invested" in GM. Taxation is forced removal of funds, and the money in this case was merely redistributed to GM.

Fraxum · 08-18-2010, 06:25 PM

Keep your money in your pocket and run as fast as you can.

All-Or-Nothing · 08-18-2010, 08:25 PM

Quote:

Originally Posted by Fraxum

Keep your money in your pocket and run as fast as you can.

Exactly, this isn't going to be like jumping on Ford stock when it was $1.51.

08-18-2010, 04:09 PM	#1
1bad65 Banned Drives: 2007 Mustang GT Join Date: Jul 2009 Location: Austin Posts: 1,148	GM files to sell shares to the public http://money.cnn.com/2010/08/18/news...pt=T1&iref=BN1

08-18-2010, 04:36 PM	#5
SA CHEVY "HILLARY" Drives: "HILLARY" :D Join Date: Mar 2010 Location: Bakersfield Posts: 1,922 View My Garage	Well I guess I'll sit back and watch...see what GM does... __________________ 2010 Camaro SS2 L99 Aircharger, Straightpiped, DT long tubes, Dyno tune by Cal Speed 384 HP & 392 Ft/Lbs. 13.203 @ 107.13 mph at Camaro5FestII

08-18-2010, 04:42 PM	#6
John Shields "Back in Black" Drives: '10 1LT/RS Black w/Silver Stripes Join Date: Jul 2010 Location: Denver, CO Posts: 1,329 View My Garage	Depending on the price, this might be something to look into. __________________ To the Jerkoff in SW Denver Driving the Black Camaro: Quit making us look bad by driving like a tool and cutting people off (my wife included)!

08-18-2010, 04:45 PM	#8
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	Great!! Only a matter of time, now... __________________ *"Keep the faith."* - Fbodfather

08-18-2010, 05:34 PM	#10
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008 Location: Florida Posts: 37,371 View My Garage	Yup. __________________ 2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued)

08-18-2010, 04:13 PM	#2
TommyTSquared Drives: RSSS Join Date: Dec 2009 Location: DFW Posts: 2,492	And away~ we go!

08-18-2010, 04:18 PM	#3
ViperTomcat Banned Drives: 2011 Avenger Heat Join Date: Nov 2009 Location: Oregon Posts: 1,697	And here..we..go..

08-18-2010, 05:43 PM	#11
diddiyo Drives: . Join Date: May 2008 Location: . Posts: 3,053	i like this comment on jalopnik: "So what's the formula for how many shares we get of this IPO based off of our 2009 taxes?"

08-18-2010, 06:25 PM	#13
Fraxum Drives: a M6 LT1 ordered From Becky!!! Join Date: Jan 2010 Location: NJ Posts: 7,520	Keep your money in your pocket and run as fast as you can.

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