General Motors is expected to begin its roadshow immediately after the midterm elections and price the deal on November 17, sources reported Thursday. The global automotive company, which was founded in 1908 and booked $123 billion in sales for the 12 months ended June 30, plans to list its shares on both the NYSE and the Toronto Stock Exchange. Deal size estimates range from $10-$20 billion, giving General Motors the potential to be the largest IPO in US history. The company submitted its initial filing to the SEC on August 10 with Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and Citi set to be the lead underwriters on the deal.
