Treasury wants to drop its ownership from 61 to 35 percent with a target IPO price of $25 to $30 per share. UAW's pension fund to divest a billion or so. All the "Volt" fanatics need to be lining up now for guaranteed profits.
Most high profile IPO's jump in value shortly after issue. This may well be one that drops well below the offering rate almost immediately.
http://online.wsj.com/article/SB10001424052748704141104575588774041820254.html?mod=WSJ_hp_LEFTTopStories
Edited 1 time(s). Last edit at 11/01/2010 09:25PM by mcsmack.