Universal Century fallen Wall Street is to be re-Sha Hui. 18, General Motors has announced that the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO) of the relevant documents, to be in the New York Stock Exchange and listed on both the Toronto Stock Exchange. It is reported that General Motors IPO will hit the second largest in U.S. history and fund-raising record, its biggest highlights to attract investors is the China market and new energy vehicles.

NYSE 14 months of absence, after the return of General Motors officially launched the action on Wall Street. While General Motors to the U.S. Securities and regulatory submissions did not mention the proportion of shares sold, stock, etc., but close to the investment bank pointed out that General Motors plans to sell 100 million shares, fund-raising from 12 to 20 billion U.S. dollars, 10 at the end of to the November listing. Morgan Stanley, JP Morgan Chase, Merrill Lynch and Citigroup, Bank of America Group as the IPO’s lead underwriter of any GM.

June 2, 2009, General Motors into bankruptcy protection to delist from the New York Stock Exchange, entered the Pink Sheets OTC market. General Motors was insolvent, the total assets of 82.29 billion U.S. dollars, while total debt was 172.81 billion U.S. dollars. June 1, GM shares from the opening price of 0.75 U.S. dollars fell to 0.27 U.S. dollars minimum to close at 0.74 U.S. dollars.

General Motors to return to Wall Street, due to the success of its restructuring plan. In the implementation of large-scale layoffs, reducing labor costs series of weight-loss measures, the General Motors brand reduced to four (Buick, Chevrolet, GMC and Cadillac) the high rate of core business earnings. This year, GM has been profitable for two consecutive quarters, with the second quarter, General Motors, reached 33.2 billion U.S. dollars revenue, net income to common shareholders 1.3 billion, diluted earnings per share were 2.55 U.S. dollars, EBIT 20 billion.

Number of institutional investors, said GM’s biggest IPO Aspect is two points short term, the Chinese market, General Motors betting on the long term the new energy automotive market. China is becoming the biggest bright spot of its global performance. The first half of this year, GM sales in China up to 1.21 million, becoming the first United States over its overseas market.

Yesterday, General Motors joint venture in China, Shanghai General Motors again flowed in., total sales this year, another record high, discontent is 8 months sales above 60 million units, becoming the first pass crossed the magnitude of the domestic automobile enterprises; the year is expected to completion of 850 000 target.

As GM’s largest shareholder, the U.S. Treasury said the reduction will be through the listed shares of General Motors. In 2009, the U.S. Treasury and the Government for assistance to General Motors of Canada, and in exchange for corresponding shares. At that time the U.S. Treasury capital injection in two parts, respectively, 43 billion U.S. dollars and seven billion U.S. dollars in exchange for 60.8% of GM’s common shares and 21 million Class A preferred stock; the Canadian government and Ontario provincial government invested 9.5 billion U.S. dollars, holding about 11.7%.

SAIC is expected to participate in outside GM IPO. SAIC chairman Hu Maoyuan pointed out that General Motors IPO not know the specific circumstances can only be made after the decision to understand.

Author Bio: I am a editor from China Manufacturers, and my work is to promote a free online trade platform. http://www.cheaponsale.com/ contain a great deal of information about aluminum extrusion supplier,outdoor bamboo blinds,hid flashlight, welcome to visit!

Category: Business Management
Keywords: aluminum extrusion supplier,outdoor bamboo blinds,hid flashlight,