(Hot Trends article updated with information on GM's IPO filing.)
NEW YORK (
) -- "GM IPO" is a trending search topic following reports that
has completed its paperwork for an initial public offering.
According to a report by
severely undercut rival investment banks by offering to charge a puny underwriting fee for the offering.
Goldman will not be the lead underwriter on the deal, expected to raise $12 billion to $16 billion, which would make it the second-largest offering in U.S. history. However, Goldman knew they would not get the top spot from the beginning, the
report states, and offered to charge just 0.75%, well below the 2% proposed by
Bank of America
and other banks that were pitching the U.S. Treasury for the GM business.
A report from the
New York Times
that online streaming television site Hulu is looking to take the company public has spurred searches for "Hulu IPO" today. According to the Times, the company is looking to pull in as much as $2 billion in an offering.
Hulu was launched three years ago as a joint venture between
and private-equity group
Providence Equity Partners
, but it wasn't until recently that the site began posing a threat to Netflix.
Hulu IPO Puts Pressure on Netflix
Hulu IPO: What It Would Mean for Netflix
Last month the company announced Hulu Plus, a $9.99 per month service that will provide users with streaming content of some of their favorite TV shows like
Searches for "3par" are booming on the Internet after
Dell will begin a tender offer to acquire all of the outstanding common stock of
for $18 a share in cash, an 86.5% premium to 3PAR's closing price Friday of $9.65. The transaction is expected to close before the end of 2010.
Dell Buys 3Par
Dell's 3Par Buy is a Shrewd Move
Shares of 3PAR have skyrocketed more than 85% in morning trading to more than $17.91.
-- Reported by Ross Tucker in New York
Follow Ross Tucker on