General Motors expects to publish in July a notice specifying the terms of an IPO that could reach 15 to $ 20 billion, said a source familiar with the matter.
In addition, GM's talks with JPMorgan Chase and Wells Fargo in a deal allowing the public to have easier access to car loans from dealers, said two people familiar with the discussions.
The managing director of GM Ed Whitacre and other executives have said their preference for an IPO this year.Bankers expect an IPO from 10 to 20 billion dollars per sale of a portion of the state participation is 60.8%.
15-20 billion, the IPO would be GM's most prominent feature in the U.S. since the $ 19.7 billion from Visa in March 2008, according to data from Thomson Reuters.
This is also one of the largest IPOs ever held in the United States.
The Treasury has made 50 billion dollars in aid to GM in 2009, including 43 billion in cash and nearly seven billion of direct loans.
The automaker has repaid the loans in April.
GM was not immediately available.
