Barron’s eyes high GM price


ral Motors is likely to price at the high end of the $26-$29 (£16-£18) per share range when it makes its IPO debut on 17 November, but US financial magazine Barron's raises the question of whether its Wall Street underwriters are being too conservative in pricing the deal. The carmaker’s strong third-quarter results, analysts’ views and the levels at which the unsecured debt of the old GM is trading could imply a price higher than the expected range, according to Barron's. Investor demand will be high if the price remains low, Barron’s said.