Big Day for GM, SWFs invest less than 5% into IPO

Posted on 11/19/2010

General Motors had a successful IPO to our surprise. Investors from North America made up around 90% of the IPO, with huge allocations from mutual funds and pensions. Foreign investors ended up with only 10% of the IPO, more turned away as the IPO price increased. Sovereign wealth fund investment in the IPO is said […]