GM IPO: Hot Trends
(Hot Trends article updated with information on GM's IPO filing.)
NEW YORK (
) -- "GM IPO" is a trending search topic following reports that
General Motors
(GM) - Get General Motors Company Report
has completed its paperwork for an initial public offering.
According to a report by
Bloomberg News
,
Goldman Sachs
(GS) - Get Goldman Sachs Group Inc. (The) Report
severely undercut rival investment banks
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
Bloomberg
TheStreet Recommends
report states, and offered to charge just 0.75%, well below the 2% proposed by
Bank of America
(BAC) - Get Bank of America Corporation Report
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
News Corp.
(NWSA) - Get News Corporation Report
,
Walt Disney
(DIS) - Get The Walt Disney Company Report
,
GE's
(GE) - Get General Electric Company Report
NBC Universal
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
Glee
and
Modern Family
.
Searches for "3par" are booming on the Internet after
Dell
(DELL) - Get Dell Technologies Inc. Class C Report
announced it would acquire the data-storage company for $1.5 billion.
Dell will begin a tender offer to acquire all of the outstanding common stock of
3PAR
(PAR) - Get PAR Technology Corporation Report
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
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