Tuesday, 24 August 2010

GM files an initial S-1 (pre-prospectus) for an IPO

Today 8/19/10, General Motors filed with the SEC their IPO "pegged" to repay the government a portion of their indebtedness.

We are a leading global automotive company. Our vision is to design, build and sell the world’s best vehicles. Our business is diversified across products and geographic markets, with operations and sales in over 120 countries. We assemble our passenger cars, crossover vehicles, light trucks, sport utility vehicles, vans and other vehicles in 71 assembly facilities worldwide and have 87 additional global manufacturing facilities. With a global network of over 21,700 independent dealers we meet the local sales and service needs of our retail and fleet customers. In 2009, we and Old GM sold 7.5 million vehicles, representing 11.6% of total vehicle sales worldwide. Approximately 72% of our and Old GM’s vehicle sales volume was generated outside the United States, including 38.7% from emerging markets, such as Brazil, Russia, India and China (collectively BRIC), which have recently experienced the industry’s highest volume growth.


The current underwriters are listed below:

Morgan Stanley J.P. Morgan BofA Merrill Lynch Citi

Barclays Capital Credit Suisse Deutsche Bank Securities
Goldman, Sachs & Co. RBC Capital Markets UBS Investment Bank

Please keep looking for updates to blogs as we get closer to the GM debut, and more information becomes available.

Scott Sweet

Senior Managing Partner

Principal Researcher

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