BREAKINGVIEWS-GM sensibly eases off the gas on IPO

Newswire

By Antony Currie NEW YORK, Sept 23 (Reuters Breakingviews) - The offering may now wind up at only $10 bln. There's even a chance Uncle Sam will remain the majority shareholder. Tempering earlier ambitions might mean eating humble pie. But with GM still recovering and markets choppy, a smaller IPO stands more chance of success. A considered view will be published shortly. CONTEXT NEWS -- General Motors's [GM.UL] initial public offering may raise $8 billion to $10 billion, according to ...

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