SPECIAL REPORT-For GM IPO, the government's a back-seat driver

Newswire

HOW WILL IT PLAY IN QATAR? One of the key questions for GM's underwriters was whether they would be able to market the deal to sovereign wealth funds, pools of money managed for foreign governments in Asia and the Middle East. The advantages of such an approach were clear. Bankers involved in the deal argued that funds like the Kuwait and Qatar investment authorities could serve as "cornerstone" investors that could buy and agree to hold a big chunk of the deal in an otherwise tough ...

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