Rattner Says GM IPO May Price Higher Than $29 a Share
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Steven Rattner, the former head of the U.S. government’s auto task force, said he expects General Motors Co.’s initial public offering to price above the range of $26 to $29 the company has announced.
“There is definitely a greater level of confidence in the ability of the carmakers to perform,” Rattner told reporters today at an Automotive Press Association event in Detroit. “That’s because of the profit numbers.”