Sat, Jul 22, 2017
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GM mulls “cornerstone” sales in IPO

Posted on 17 August 2010

From Reuters: General Motors Co is considering selling a chunk of the carmaker’s stock to institutions as the company prepares for its initial public offering. GM is mulling a plan under which sovereign wealth funds or pension funds would serve as “cornerstone investors,” a technique often used for large initial public offerings to show that key investors are supporting the deal, four people said.
“It’s on the table and would be part of the normal course of the IPO,” one of the sources said, asking not to be named because the preparations for the IPO are private……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
July 2017
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31