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US: GM IPO underwriters exercise overallotment options

General Motors has announced that its IPO underwriters have, as expected, exercised in full their overallotment options to purchase an additional 71.7 million shares of common stock from the selling shareholders. Of the 71.7 million total, 53,782,019 came from the remaining US Treasury Department holding, 4,567,981 from Canada GEN Investment and Subscribe to Automotive World … Continued

General Motors has announced that its IPO underwriters have, as expected, exercised in full their overallotment options to purchase an additional 71.7 million shares of common stock from the selling shareholders.

Of the 71.7 million total, 53,782,019 came from the remaining US Treasury Department holding, 4,567,981 from Canada GEN Investment and

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https://www.automotiveworld.com/articles/84869-us-gm-ipo-underwriters-exercise-overallotment-options/

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