GM is boosting its IPO offering by 31% to 478M shares, sources say - which means GM will raise...

|By:, SA News Editor

GM is boosting its IPO offering by 31% to 478M shares, sources say - which means GM will raise more than $22.4B, making the upcoming IPO the biggest in U.S. history. Total demand for the common stock portion of GM's IPO is said to be about $70B.