General Motors has announced details of its long-awaited IPO, in which the United States and Canadian governments and the UAW will all reduce their ownership shares in the company. The critical details are, $26-$29 per share of common stock, and it's happening on November 18.
MSNBC has the complete story, with analysis from automotive and business experts. According to MSNBC and the GM filings, there will be 365 million shares of common stock sold, which amounts to about 25% of the company's total value. The total value of the IPO will be about $10 billion.