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Old 05-29-2010, 10:10 AM
 
Location: Florida
73,524 posts, read 39,633,390 times
Reputation: 13595

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U.S. may choose lead bank on GM IPO next week: report | Reuters

(Reuters) - The U.S. Treasury and General Motors Co may select a lead underwriter for an initial public offering for the automaker as early as next week, Bloomberg News reported on Saturday.

A bank needs to be picked soon in order to prepare for an offering by the fourth quarter
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Old 05-29-2010, 10:15 AM
 
34,990 posts, read 36,290,809 times
Reputation: 6171
O welly, welly, well well well!

Now how can it be socialist, and not be owned by the government?

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Old 05-29-2010, 10:19 AM
 
Location: Florida
73,524 posts, read 39,633,390 times
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Quote:
Originally Posted by delusianne View Post
O welly, welly, well well well!

Now how can it be socialist, and not be owned by the government?

I wonder what the initial price will be. This will be interesting to follow in the fall and the taxpayer might be able to make a nice profit on it.
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Old 05-29-2010, 10:23 AM
 
Location: Hoboken
19,889 posts, read 17,230,348 times
Reputation: 3140
Quote:
Originally Posted by Finn_Jarber View Post
I wonder what the initial price will be. This will be interesting to follow in the fall and the taxpayer might be able to make a nice profit on it.

Not likely.

I.P.O. Prices Cut in Shaky Market - DealBook Blog - NYTimes.com

"Companies are offering shares of initial public offerings at lower prices than had been expected because investors are demanding discounts as stock markets trade wildly, The Associated Press reported."


"”There’s enough skepticism in the equity market in general that the last thing investors are looking for is new supply,” said Jack Ablin, chief investment officer of Harris Private Bank in Chicago. ”When you get a 1,000-point swoon to the downside and regulators can’t figure out what caused it, leaves a little trepidation.”"
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Old 05-29-2010, 10:41 AM
 
Location: Florida
73,524 posts, read 39,633,390 times
Reputation: 13595
Quote:
Originally Posted by shorebaby View Post
Not likely.

I.P.O. Prices Cut in Shaky Market - DealBook Blog - NYTimes.com

"Companies are offering shares of initial public offerings at lower prices than had been expected because investors are demanding discounts as stock markets trade wildly, The Associated Press reported."


"”There’s enough skepticism in the equity market in general that the last thing investors are looking for is new supply,” said Jack Ablin, chief investment officer of Harris Private Bank in Chicago. ”When you get a 1,000-point swoon to the downside and regulators can’t figure out what caused it, leaves a little trepidation.”"

It depends on how they set the initial price. That's why I said I wonder what the price will be.
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Old 05-29-2010, 11:05 AM
 
Location: Hoboken
19,889 posts, read 17,230,348 times
Reputation: 3140
Quote:
Originally Posted by Finn_Jarber View Post
It depends on how they set the initial price. That's why I said I wonder what the price will be.

The IPO would have to bring in an excess of $50 billion for us to see a profit. That's why I said not likely.
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Old 05-29-2010, 04:09 PM
 
Location: San Diego, CA
4,883 posts, read 7,665,726 times
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They don't have to sell all their shares all at once. In fact it would be best to slowly sell them off a bit at a time so that they don't flood the market and drive share prices down.
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Old 05-29-2010, 04:36 PM
 
Location: Florida
73,524 posts, read 39,633,390 times
Reputation: 13595
Quote:
Originally Posted by Oerdin View Post
They don't have to sell all their shares all at once. In fact it would be best to slowly sell them off a bit at a time so that they don't flood the market and drive share prices down.
That would seem like the logical thing to do.
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