GM IPO Isn't Closing Early, Goldman Sachs Says
Goldman Sachs Group (GS) won't stop taking orders for General Motor's initial public offering at noon Friday, the investment banking giant said Friday, according to Dow Jones Newswires.
Information sent in an email on Thursday to some GM IPO investors said Goldman would close its order books for the automaker's stock offer by noon Friday, three and a half days ahead of the pricing, the news agency reported.
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GM's stock is scheduled to begin trading next Thursday.
GM declined to comment on the matter. Goldman Sachs spokeswoman Andrea Rachman declined to comment on the email itself, Dow Jones reported. But she said the statement about closing orders early was incorrect.
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