Ipo | featured news

General Motors Co is unlikely to file for its initial public offering on Tuesday, three people familiar with the situation said.

General Motors Co has completed the paperwork for an initial public offering, and timing of its filing with the U.S. securities regulators rests with the board of the top U.S. automaker, sources familiar with the process said on Monday.

Hulu, the online-video site owned by three large media companies, is exploring an initial public offering.

Agricultural Bank of China (AgBank) said on Sunday it had fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking total proceeds from the offer to $22.1 billion, making the IPO the world's biggest.

General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.

Skype filed plans to sell up to an estimated $100 million of American depositary shares in an initial public offering as the Internet-phone company parent firm plans to convert into a Luxembourg-based stock company.

The week's hottest IPO could be in Omaha: Gordman Stores, which competes against firms like TJX.

American International Group Inc is expected to name former Prudential Plc Chief Executive Mark Tucker as head of AIA, as it prepares the Asian life insurance unit for an initial public offering, a source familiar with the matter said on Sunday.

Shares in electric car maker Tesla opened at $19, above the IPO price of $17, which in turn topped the proposed price range by $1.

Electric-car maker Telsa Motors, which makes a luxury all-electric car that sells for $109,000, hopes to raise $178 million from its IPO, which could debut on Nasdaq on June 29.