Earlier this year we discussed that GM was reissuing their stock to raise enough capital, which could pay off some of their massive debt. It would appear that this week is going to be the week that happens and GM won’t have to do it alone.
Entertainment giant Caesars will also go along for the ride, as will eight other high profile companies. The list of IPO’s offered next week are below:
Aeroflex Holding Corp. (ARX) – 17.25 million shares, $13.50 to $15.50. Provides radio frequency and microwave integrated circuits, components and systems for wireless communication systems.
Anacor Pharmaceuticals Inc. (ANAC) – 4.7 million shares, $16 to $18. Discovers, develops and commercializes novel small-molecule therapeutics.
Bitauto Holdings Limited (BITA) - 10.6 million American depositary shares, $10 to $12. Provides Internet content and marketing services for China’s automotive industry.
Booz Allen Hamilton Holding Corp. (BAH) – 14 million class A common shares, $17 to $19. Provides management and technology consulting services to the U.S. government.
Caesars Entertainment Corp. (CZR) – 31.25 million shares, $15 to $17. World’s largest casino entertainment provider.
General Motors Co. (GM) – 365 million shares, $26 to $29. World’s second-largest automaker.
LPL Investment Holdings Inc. (LPLA) – 15.6 million shares, $27 to $30. Provides integrated platform of proprietary technology to brokerage and investment advisory services.
Lizhan Environmental Corp. (LZEN) - 1.8 million ordinary shares, $5 to $6. Manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials.
Wave2Wave Communications (WAV) – 4.4 million shares, $4. Telecom reseller expanding into multi-tenant 4G wireless.
Zogenix Inc. (ZGNX) – 6 million shares, $12 to $14. Pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain.
Whether or not you’re a fan of a company like GM being able to reissue their IPO after declaring bankruptcy (and this quickly I might add), you may want to consider purchasing their stock. Knowing my background, I’ll be sure to check out Caesar’s because I’m sure I’ve contributed to their profits for years!
And now to our best articles from the past week:
How To Start an Emergency Fund on Any Budget @ Squawk Fox: I can’t stress the importance of an emergency fund enough because with an unstable economy, you never know just how long your job will last. Always better to be safe than sorry.
The Great Big List of 75 Frugal Gifts You Can Give This Christmas @ Bible Money Matters: This massive list of frugal Christmas gift ideas can save you hundreds on your holiday shopping this year.
Beware Market Bubbles That May Soon Burst @ The Consumerist: Gold has sure been on a high run over the last few years and there’s no telling when it will end. Make sure you realize that a run like this won’t last forever.
Debt and Obesity – What’s the Connection @ Five Cent Nickel: I’ve been attempting (and I use that term loosely) to stay on a diet but I’m going to be honest … healthy food is just brutally expensive. If you’re on a tight budget, it can be very difficult to eat right.
Forget Black Friday, Prepare Yourself for Cyber Monday @ Savings.com: I’ve actually never purchased anything on either of these day’s before, so all of the hype they bring eludes me. However, if you haven’t already made your holiday purchases, read up.
Save Money By Paying Full Price @ Money Ning: Not the most up-front of article titles but this post shows how you can avoid costly hassles in the future by paying full price today.
Should You Get a Second Job to Pay Off Debt @ Christian PF: After your second job, you should get a third, fourth and fifth. Debt can be crippling and anything you can do to pay it off faster should be done.
And this past week, we participated in the: