U.S. VP Biden says expects successful GM IPO

Newswire

TOLEDO, Ohio, Aug 23 (Reuters) - U.S. Vice President Joe Biden said on Monday he thinks General Motors Co [GM.UL] will have a successful IPO, but would not predict how long it would take for the government to sell its stake in the automaker. GM filed registration papers with U.S. securities regulators on Wednesday for an initial public offering that would allow the U.S. government to begin to sell off a nearly 61 percent stake in the automaker's common stock. "I don't know if you'll get ...

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