GM's plan the U.S. market and then usher in the spring if the real economy

 Zhong Guangwang Beijing August 17, according to the voice of home YORK August 16 quoted an informed source revealed that the U.S. auto giant General Motors is expected to restart the initial public offering (IPO), has now finished the preparation of documents, the following will be GM's board decided to submit these documents to the United States Securities and Exchange Committee of the specific time. The source said that GM may be in local time Aug. 17 to submit the file up. because not disclose preparation of documentation, so this name common source refused to disclose his name. just press the Shanghai GM's understanding of hh
the General Motors Corporation (IPO) application, is to be completed during the year for the market. Since the General Motors on June 1 last year, filed for bankruptcy protection, the U.S. Treasury Department has been providing a cumulative 430 billion in cash aid and $ 7,000,000,000 in direct loans, and thus obtain 61% stake in GM.
when GM said the IPO size is expected to reach 200 billion U.S. dollars. and the funds raised will be used to repay the U.S. The direct injection of the Ministry of Finance, the Ministry of Finance General's stake from 61% to 50% or less, domestic media said the move was GM get rid of point in time IPO application? He was just in a hurry to get rid of the so-called nationalization? We think it is so incomplete, then select the listing, is the development of GM's own choice: this afternoon, and I am a senior economist at Galaxy Securities Zuo Xiaolei had a little of President.
Zuo Xiaolei: in the U.S. market, the listed company's own decisions are, in general, feel able to finance.
fact, for the current General Motors, listing is sooner or later again. this IPO seems to apply a little earlier than we thought, but this family has gone through many finance companies to raise the dead may be the second, and the sooner the recovery image of the industry for the near future even lead to high point of the development station is more important:
Zuo Xiaolei: There are many changes after the general reorganization and development needs funds, to him, not how much financing the second is financing the sooner the better, restore the image.
GM's first quarter profit of 865 million, while results for the second quarter is expected to be better than the first quarter, profit will exceed 10 billion U.S. dollars, is GM's best performance of 6 years. Of course, good results will be seeking re-listing of its and repay loans the U.S. government aid to provide support.
now GM has 70 billion dollars to repay loans, and the rest will be through the sale of his shares after listing to achieve. of course, out of sale of shares of a common first step in the control of the U.S. government, June has been reported that, currently held by the U.S. government intends to sell 3.04 million shares into two, the shareholding ratio fell below 50%. In addition, the GM should also plans to sell some shares. Zuo Xiaolei President of recording: < br> Zuo Xiaolei: If the overall market, the Government can sell it to the market in the future, or to add more public shares, the main government shares should not be how to deal with, but the general development of their own, a government stake would not have any negative impact on general government out of the market need to buy back shares, common shares with the general development of the government can get higher yields.
It is reported that General Motors is working with banks to finance negotiations in the hope to obtain 50 billion dollar credit arrangements made so far at least 15 general-purpose bank credit lines. In addition, GM's first quarter profit of 865 million, while results for the second quarter is expected to be better than the first quarter, profit will exceed 10 billion U.S. dollars, GM 6 years, the best performance. good performance will be re-listed and their search for aid to repay loans the U.S. government support.
Some people say that GM is negotiating with banks for financing, hoping to get a 50 billion credit facility, to date General At least 15 banks made credit lines. This means that a bright start:
Zuo Xiaolei: in the future through the development of new energy, new energy vehicles, investment, new energy vehicles in future may be a good growth U.S. investment banks began to the real economy, but also conducive to real economic recovery, jobs increased.
Indeed, today we see a common vision and a vision. For this industry, new energy R & D also Good, clean energy worth mentioning, who can very quickly from the starting point of departure, full speed ahead, may soon be able to see the outcome.
You see, ever since General Motors to restart IPO news came out, sense of smell to the major investment banks began to stir, targeting this big cake.
very interesting here, originally, to JP Morgan and Morgan Stanley, led by Wall Street banks underwriting group will get 480 million in underwriting fees, however, because Goldman Sachs Group, active in the bidding price nearly 75%, the size of Morocco to the successful bidder, also had to follow the price cuts, the end, they offer of 1.2 billion dollars into the lead underwriter.