NEW YORK (Reuters) - General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering, two sources familiar with the situation said on Friday.
Initial paperwork for the IPO is now expected to be filed with the U.S. Securities and Exchange Commission early next week, several sources familiar with the situation said.
The filing was originally expected on Friday but was delayed because the company had to update its prospectus with the recent CEO change and a management risk factor, another source familiar with the situation said on Friday.
Bank of America Merrill Lynch and Citi will join JPMorgan Chase & Co and Morgan Stanley as lead underwriters, the first two sources said.
JPMorgan and Morgan Stanley, picked as lead underwriters on the GM IPO earlier this year, helped the automaker prepare the paperwork for the IPO; Bank of America and Citi led the $5 billion credit facility that GM recently completed in preparation for its IPO, the sources said.
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