General IPO Issue Price Or $32 &Nbsp; &Nbsp; Earlier Pricing Increased By 14%.

Beijing time on November 16th morning, a person familiar with the matter said on Monday that it benefited from strong demand for market investors and good prospects for the company's future performance.

GM's previously submitted documents show that the company's original IPO price range is between $26 and $29 A share.

Analysts believe that higher pricing will reflect investors' confidence in the business prospects of the largest US auto maker.

It is also expected to enable the US government to further improve its income in the wake of the recovery of general rescue loans.

It is understood that in 2009, the United States Treasury Department provided general motors with nearly $50 billion in relief loans because of its deep management difficulties.

The US government also owns 61% of General Motors with these rescue funds.

From the current general development situation, the company's cost of operation has been greatly reduced since its completion in 2009.

Earlier, data showed that there were differences between GM and the US government in terms of IPO pricing.

GM hopes that the issue price will be between 20 and 25 dollars, but the US government believes that this price is too low. If GM's stock price soared on the first day of IPO, market investors would think that pricing is so stupid.

A source said, "as far as the situation is concerned, investors have shown great enthusiasm for general IPO. The attitude of subscription is very positive and positive.

Therefore, after weighing repeatedly, GM decided to raise the price of IPO.

It is not too difficult for GM to raise prices, according to people familiar with the matter.

The source also added that GM's IPO price could be up to $33 per share after its rise.

According to media reports, GM's China cooperation group SAIC is also expected to participate in general IPO.

At present, the final result will be subject to the approval of the Chinese government.

If it can be successfully applied to general motors, it will undoubtedly help SAIC to step on the international stage, and its position in China will be further consolidated.

Judging from the current indications, SAIC is expected to buy at least 1% of its general stake.

It is understood that as early as 3 this month, GM said it plans to raise $10 billion 600 million in the IPO, offering 365 million shares, and the IPO price is expected to be around $29.

Industry analysts pointed out that the reason why market investors are so optimistic about the general listing is that the company's performance has been significantly improved, both in terms of sales and profitability, and has great potential. On the other hand, the recent good stock market has also made investors eager for nuggets to go up again.

In addition to raising the share price per share, the size of the preferred stock to be sold will also rise to $4 billion from $3 billion previously planned.

According to three people familiar with the matter, at present, both GM and the US Treasury are interested in raising the number of general shares issued.

If the price of general IPO is $33 per share, the size of the general issue of common stock will reach $12 billion.

If the excess placement of underwriters is taken into account, the scale of general fund-raising will also rise to $13 billion 900 million.

A source familiar with the matter also said that the current underwriters Morgan chase and Morgan Stanley urged the US Treasury to reduce more shares in the general IPO.

A person familiar with the matter said that the issue price of general shares was no longer suspense at $32-33, but there is no definite conclusion.

GM will submit a revised registration statement to the US Securities and Exchange Commission on Wednesday, people familiar with the matter said.

It is reported that the underwriters of general IPO are also Bank of America, Citigroup, Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs Group and Royal Bank of Canada.