General Motors will likely cut its IPO to around $8B from a planned $12B - which means a hit to...

|By:, SA News Editor

General Motors will likely cut its IPO to around $8B from a planned $12B - which means a hit to the value of the U.S. stake in the company. Post-offering value of the company may be closer to $60B, rather than the $70B analysts figure GM must be worth in order for U.S. and Canadian taxpayers to break even.