© Copyright 2012, vLex. All Rights Reserved.
- Language
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
WASHINGTON, Nov. 18, 2010 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement today on General Motors' initial public offering, marking a major milestone in the recovery of the American auto industry: General Motors' initial public offering is a sign of progress for America's auto industry, for our nation's workers, for our manufacturers and our long-term prosperity. In the midst of a severe recession, Congressional Democrats and President Obama took difficult emergency action to rescue American auto companies and strengthen critical pillars of our manufacturing sector, while protecting taxpayers. Today we have more evidence that those actions are paying off, and the American people are one step closer to being made whole.
WASHINGTON, Nov. 18, 2010 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement today on General Motors' initial public offering, marking a major milestone in the recovery of the American auto industry: General Motors' initial public offering is a sign of progress for America's auto industry, for our nation's workers, for our manufacturers and our long-term prosperity. In the midst of a severe recession, Congressional Democrats and President Obama took difficult emergency action to rescue American auto companies and strengthen critical pillars of our manufacturing sector, while protecting taxpayers. Today we have more evidence that those actions are paying off, and the American people are one step closer to being made whole.
Delphi Automotive will seek up to $578 million in an initial public offering that would value the former parts unit of General Motors at as much as $7.88 billion. Delphi is offering the shares at $22 to $24 apiece, and is seeking to sell 24.1 million ordinary shares, according to a filing with the Securities and Exchange Commission. Delphi, based in Troy, Mich., plans to begin marketing to investors this week, two people familiar with the sale said earlier. The shares will probably begin trading Nov. 17, one of the people said. The company, registered in Gillingham, Britain, had planned to sell more than $1 billion worth of shares, a person with knowledge of the offering said in May.
DETROIT - The last time General Motors threw a big party was two years ago, for its 100th birthday. Two months later, its CEO was before Congress, begging for bailout money. Now GM is getting ready for another celebration - this time for its future. GM will be reborn as a public company Thursday with a stock offering, ending the government's role as majority stakeholder and closing a remarkable chapter in American corporate history.
Internet companies may have dominated the news of new public stock offerings, but it was a traditional bricks-and-mortar retailer from Pittsburgh that stole the top spot for stocks debuting in 2011. GNC Holdings Inc., a seller of vitamins and other nutritional products, has had its stock price jump more than 80 percent this year since its initial public offering on April 1 on the New York Stock Exchange.
This case concerns the Initial Public Offering of Google, Inc. in August 2004. Instead of using the traditional best-efforts style IPO, Google used a Dutch Auction to allow small investors to buy in on the IPO. This case is intended to be used in an advanced corporate finance class. It can be taught in two hours of class time and should take about two to three hours of outside preparation by the students.
NEW YORK - Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week. Supporters think costly gas will make car sharing more popular. They praise Zipcar's technological savvy and its plans for overseas expansion.
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2012, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company