GM to list on NYSE, TSX after IPO – source

NEW YORK, Aug 18 (BestGrowthStock) – General Motors Co [GM.UL] will
list its shares on two global exchanges after an upcoming stock
offering dubbed “Project Dawn,” intended to pay back a portion
of its government bailout, a source familiar with the situation
said on Wednesday.

The shares are expected to be traded on the New York Stock
Exchange and the Toronto Stock Exchange, the source said.

GM is not expected to issue new common stock in the IPO but
plans to sell preferred shares, the source said.

GM’s rebirth as a public company has been dubbed “Project
Dawn” by those involved in the process, the source said.

The source declined to be named because preparations for
GM’s initial public offering remain private.
(Reporting by Clare Baldwin; editing by John Wallace)

GM to list on NYSE, TSX after IPO – source