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NEW YORK – Point of guide initial public offer of General Motors Co. already earned $ 60 billion in orders is a clear sign of healthy investor interest in massive automaker who was in a little more than desperate straits one year.

Robust demand for shares of GM, which filed for bankruptcy in June 2009, is six times the amount of lift.

Point benchmark Pit will likely price around the upper end of the range of $26-to-29$ - by-part and complete over-allocation - option can sell shares additional underwriters to stabilize the inventory after the start of the negotiation – will be probably exercised, said people familiar with the matter.

There are also "excess demand" for the plans of GM to sell, said sources preferred shares worth $ 3 billion.

The strong response also augurs to assist public initials offered by other companies of the automotive industry restructuring in bankruptcy, as suppliers of Chrysler parts and auto Delphi and Visteon, analysts said.

A little more than a year after a politically unpopular $ 50 billion bailout left us Treasury with a set of 61%, GM filed to sell about 10 billion shares and 3 billion shares privilégiées.Une such offers should mark the second-most U.S. Pit ever after Inc. Visa.and one of the largest worldwide.

Complete over-allocation could take the total amount of intellectual property offices to 15,65 dollars.Il billion would also set cut United States fairer Treasury Board 40 percent.

At the upper end of the range of prices would GM value 43.6 billion dollars, based on assuming the exercise of the warrants that are in-the-money, the number of shares jump 1.8 billion and GM value amounted to more than 52 billion dollars.En 1.5 billion shares.

For profitability U.S. taxpayers, GM is valued at approximately $ 70 billion market.

Always accepts orders investor's share of the industrial property office and should not close until early next week, order books dit.Les sources sources do not have permission to speak publicly and refused to be named.

In the meantime, GM is in the final phase of the talks to sell equity to the Chinese partner SAIC Motor Corp. in the industrial property office and is likely to reach an agreement over the weekend, said three sources .the ' issue is supposed to be less than $ 2 billion, two of the sources said.

SWFs in the Middle East and Asia are also committed to a combined set of 2 billion dollars, said sources.

U.s. Treasury will remain the principal shareholder, after IPO intellectuelle.Les UAW VEBA health care trust the Canada and Ontario governments continue to organise actions, leaving some wondering if the industrial property office will allow GM to get rid of his nickname "Government motors".

"" Market will obviously be price investors en.Certains will say investment is always worth now and others say stay more loin.Je believes that investors who will reappear probably will eventually regret that ", said David Whiston, Morningstar analyst."

"I think $ 26 to $ 29 actions look very good marchées.Je would not surprised to see the final price offer a peu.Ma own evaluation is currently $44 per share."

IPO of GM is expected to award the mercredi.Les actions are supposed to start trading on the stock exchanges of New York and Toronto on Thursday.

Copyright 2010 Thomson Reuters.Cliquez on restrictions.

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