Friday, 12 November 2010

General Motors GM IPO scheduled to debut on 11/18

General Motors GM is scheduled to trade on 11/18. Although I usually wait for the Sunday ratings to come out before stating the rating—in this case and it being very high profile…it will be rated a 4 strong buy. GM’s books are well subscribed in both in the retail and institutional sector. This is the case with BOTH the common and preferred. There is some unconfirmed chatter that the preferreds will only be earmarked to the institutional buyer. It is my suggestion to indicate at once.

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