Next month’s General Motors’ big stock offering is expected to be much less than at one time predicted.
The GM Initial Public Offering is expected to hit the market around November 18th.
When GM initially started talking about selling stock, the speculation was that November’s sale could be easily one of the largest initial public offerings in history. Perhaps generating more than $16 billion.
Now some analysts are predicting the GM IPO will collect only about $6 billion.