GM's $33 pricing means a take of at least $15.8B - which would already be the second-largest...

|By:, SA News Editor
GM's $33 pricing means a take of at least $15.8B - which would already be the second-largest U.S. IPO ever - and up to $23B with overallotment. Talking to Bloomberg TV, T. Boone Pickens says he's not buying: "I remember what happened to the equity holders there one time. I’d buy Ford (F)." (via) Updated 4:05 p.m.: GM prices a preferred offering at a yield of 4.75% (low end of expectations) to raise $4.35B.