Thursday, September 23, 2010

GM IPO DOWNSIZED?


BANZAI7 DETROIT BUREAU--Flat markets have reportedly forced the New GM to consider reducing the size of its planned IPO from about $16 Billion to about $8 Billion, which either way falls far short of a Wall Street Bazillion. Plans to manufacture this Strato-HOV/SUV may have to be put on temporary hold.

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