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Chinese banks join GM IPO as co managers in landmark listing
ICBC and CICC will help sell GM stock in its November IPO. SAIC plans to buy about 1 percent of GM for roughly 500 million dollars, backed by Shanghai city ownership. Foreign funds may invest up to one billion dollars while public funds weigh the political fallout of government ties.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
ICBC
CICC
U.S
Industrial and Commercial Bank of China
China
China International Capital Corp
Central Huijin Investment Ltd
Morgan Stanley
Dealogic
SAIC
Wall Street Journal
Shanghai
Middle East
Asia
the Journal
Barack Obama
Obama
Government Motors
U.S. Treasury
Chris Theodore
Theodore &Amp Associates
Theodore
Volvo
Geely Group
Karzai
Taliban
Osama bin Laden
al-Qaida
Northern Alliance
U.N
Martine van Bijlert
Afghan Analysis Network
Afghanistan