General Motors plans to sell just over $13 billion of shares in its IPO, people familiar with the matter said, cutting the U.S. government's stake while opening the door for investment by overseas state-backed investors.GM will file the terms in an updated prospectus for its initial public offering with the U.S. Securities and Exchange Commission on Tuesday, the sources said.

The company expects to sell 365 million common shares at between $26 and $29 each, raising between $9.5 billion and $10.6 billion, they said.In addition, GM plans to sell $3 billion of preferred shares that would convert to common shares under mandatory provisions.GM, which emerged from bankruptcy in July 2009 with the U.S. [Read the full article]

Skype is moving forward on aninitial public offering of up to $1 billion, but investors willhave to wait until next year before it prices, said severalpeople close to the situation.Despite investor expectations that an IPO would materializeby the end of the year, market conditions and other factorsappear to be slowing the offering, said two people close to thesituation.The Luxembourg-based software company, popular for itscheap voice and video calls over the Internet, filed a Form S-1registration statement with the Securities and ExchangeCommission in August. In October, Skype named Tony Bates, aformer senior vice president of Cisco Systems (CSCO.O), as itschief executive. [Read the full article]

Skype is moving forward on an initial public offering of up to $1 billion, but investors will have to wait until next year before it prices, said several people close to the situation.Despite investor expectations that an IPO would materialize by the end of the year, market conditions and other factors appear to be slowing the offering, said two people close to the situation.The Luxembourg-based software company, popular for its cheap voice and video calls over the Internet, filed a Form S-1 registration statement with the Securities and Exchange Commission in August. In October, Skype named Tony Bates, a former senior vice president of Cisco Systems, as its chief executive. [Read the full article]

Xueda Education Group XUE.N,which sells tutoring services in China, priced its initialpublic offering above the expected range on Monday, anunderwriter said, raising about $127.6 million.The company sold 13.43 American Depositary Shares for $9.50each, above an estimated $7.25 to $9.25.Xueda sells tutoring services to primary and secondaryschool students. As of June 30 Xueda had 157 learning centersin 44 cities in China, including Beijing, Guangzhou, Shanghai,Tianjin, Shenzhen, Chongqing, Nanjing and Wuhan.Net revenue doubled to $77.9 million in the six monthsended June 30 compared with a year earlier.Goldman Sachs led the underwriters on the IPO. [Read the full article]