Next week's IPO for General Motors (GM) is heavily oversubscribed - to the tune of six times, at...

|About: General Motors Company (GM)|By:, SA News Editor

Next week's IPO for General Motors (GM) is heavily oversubscribed - to the tune of six times, at $60B for the $10B in common shares - and should price at the top of its $26-29 range, sources say. With overallotment, the total raise could be $15.65B, putting it just behind Visa (V) as the second-largest U.S. IPO.