Deals
GM Leads Biggest Week for U.S. IPOs Since March 2008
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General Motors Co.’s initial public offering and sales from four private equity-backed companies are leading the biggest week for U.S. IPOs since before the collapse of Lehman Brothers Holdings Inc.
Ten companies plan to raise a combined $12.5 billion this week, the most since San Francisco-based Visa Inc.’s $19.7 billion sale in March 2008, the largest IPO in U.S. history, data compiled by Bloomberg show. GM, 61 percent owned by the U.S. Treasury, may sell $10.6 billion of shares Nov. 17 to help repay its bailout. Carlyle Group and Golden Gate Capital are among the buyout firms taking companies public in offerings that may raise $1.5 billion, prospectuses for those deals said.