Breaking sharply from his defensive crouch following this month’s electoral “shellacking,” President Obama took a moment to celebrate some hard-won success on Thursday. The president championed his administration’s decision to rescue the troubled U.S. auto industry last spring, pointing to General Motors’ initial public offering (IPO) of its stock — one of the largest IPOs [...]
Jacob Kepler/Bloomberg NewsHarrah’s Casino in Las Vegas, Nevada. Harrah’s Entertainment, the casino operator, said Friday that it had decided to cancel its initial public offering because of “market conditions” just a day after General Motors went public without much of a pop. The company, based in Las Vegas, priced the offering this month at $15 [...]
As seemingly everyone in the business world counts down to the pricing of General Motors’ highly anticipated initial public offering, it is worth placing the stock sale in context. Namely: Where does it stand in the pantheon of mega-I.P.O.’s? Many media outlets, including this one, place the maximum capital to be raised at about $22.6 [...]
The automaker scorned a year ago as “Government Motors” said Wednesday its run of profitability has continued on a record pace for the third straight quarter. A week before its initial public offering, General Motors reported its largest profit in 11 years, earning $2 billion last quarter, The New York Times reported. From January through [...]
After months of anticipation, General Motors is finally moving ahead with its initial public offering. And for the last 24 hours, the place to turn for the details has been — of all places — a Web site called RetailRoadshow.com. DealBook, like many news outlets, linked to G.M.’s presentation on Thursday. But then we started [...]
As news outlets, including DealBook, feverishly reported new details of General Motors‘ upcoming initial public offering on Monday, investors, analysts and reporters were on the lookout for confirmation as soon as Tuesday. We’ll have to wait a little longer– we hear that G.M. is putting out the regulatory filing with the juicy details on Wednesday. [...]
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