GM Could Raise $23B In Largest IPO Ever

Law360, New York (November 17, 2010, 6:14 PM EST) -- General Motors Co. on Wednesday increased the number of shares it plans to sell in its initial public offering by 31 percent, poising the resurrected automaker's IPO to be the largest ever.

GM's IPO, which could raise $22.7 billion, would eclipse not only Visa Inc.'s $17.9 billion IPO in 2008 — the largest ever in the U.S. — but also Agricultural Bank of China's $19.2 billion IPO in 2010 — the largest IPO ever in the world — according to U.S. Securities and Exchange Commission filings...
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