GM IPO Roadshow May Begin Immediately After Midterm Elections

General Motors may begin the roadshow for its IPO immediately after the Nov. 2 midterm elections, Reuters reported.

The investor roadshow is scheduled to begin on Nov. 3 and will go on for two weeks, Reuters reported without naming its sources. The IPO will price on Nov. 17 and debut the next day.

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The schedule will allow automaker GM to showcase its third-quarter results to investors. The IPO could be worth as much as $20 billion, making it the biggest in the United States since Visa (V) went public in March 2008.

The IPO may be divided between common stock worth $12 billion to $16 billion and $3 billion to $4 billion in preferred stock, Reuters said.
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