General Motors Files For IPO - Not Many Details Yet

General Motors has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) consisting of common stock to be sold by certain of its stockholders and the issuance by the company of its Series B mandatory convertible junior preferred stock. 

The amount of securities offered will be determined by market conditions and other factors at the time of the offering.  The number of shares to be offered and the price range for the offering have not yet been determined. 

Morgan Stanley and J.P. Morgan (representatives of the underwriters), BofA Merrill Lynch, Citi, Goldman, Sachs & Co., Barclays Capital, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank will be the joint book-running managers for the offering.  When available, copies of the preliminary prospectus relating to the offering may be obtained for free, by visiting the SEC website at http://www.sec.gov. 

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