• 03 Nov 2010 at 4:05 PM

UBS Kicked Off General Motors IPO

By

If you’ve seen the latest General Motors S-1, you might have noticed that UBS is not listed as part of the syndicate anymore, although they were part of the team as recently as October 29. Why might that be? Glad you asked!

We’re told that a senior high yield analyst at UBS sent out a note last night to a bunch of clients that included his musings on the valuation. This of course would constitute a big no no with regard to the firm’s obligation to stay quiet, in addition to the fact that the info may be at odds with the unified valuation information that will be published by the syndicate. So the bank was promptly kicked off the IPO as a bookrunner. At this point it’s apparently unclear whether the Swiss will be tearing the analyst a new one, or those in compliance who let the report go through. We’re also told UBS is planning on spinning the story as it being their decision to withdraw from the deal (nobody puts UBS in a corner).

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (81)

Newer Comments
  1. 1
    Posted by anon | November 3, 2010 at 8:22 PM

    UBS sucks

  2. 2
    Posted by guest | November 3, 2010 at 8:24 PM

    excellent career move by that senior analyst

  3. 3
    Posted by guest | November 3, 2010 at 8:24 PM

    excellent career move by that senior analyst

  4. 4
    Posted by Anonymous | November 3, 2010 at 8:25 PM

    Killing your own job is the old killing it.

  5. 5
    Posted by Anonymous | November 3, 2010 at 8:25 PM

    Killing your own job is the old killing it.

  6. 6
    Posted by tits | November 3, 2010 at 8:43 PM

    Trick Question!

    Answer: UBS Sucks

    In a nutshell he works(worked?) for them.

  7. 7
    Posted by tits | November 3, 2010 at 8:45 PM

    you are doing god’s work.

  8. 8
    Posted by Guest | November 3, 2010 at 8:48 PM

    think this needs editing. anyone? ‘At this point it’s apparently unclear whether the Swiss will be tearing the analyst a new one, or those in compliance who let the report go through.’

  9. 9
    Posted by Guest | November 3, 2010 at 8:48 PM

    in all seriousness, I would LOVE to be a fly on the wall in that guy’s boss’s office while he rips out his endocrine system out of his body.

  10. 10
    Posted by Detective | November 3, 2010 at 8:50 PM

    hmmm. Does this foot with the Clusterstock story today that someone was fired at UBS this morning?

    http://www.businessinsider.com/rumors-of-layoffs-at-ubs-as-someone-is-fired-in-stamford-2010-11

  11. 11
    Posted by Detective | November 3, 2010 at 8:50 PM

    hmmm. Does this foot with the Clusterstock story today that someone was fired at UBS this morning?

    http://www.businessinsider.com/rumors-of-layoffs-at-ubs-as-someone-is-fired-in-stamford-2010-11

  12. 12
    Posted by Guest | November 3, 2010 at 8:52 PM

    How about “tearing the analyst limb from from and hiring a new one.”

  13. 13
    Posted by Guest | November 3, 2010 at 8:53 PM

    Let’s try this again…

    “Tearing the analyst limb from limb and hiring a new one” makes sense to me.

  14. 14
    Posted by guest | November 3, 2010 at 8:54 PM

    Imagine the first few job interviews “and why did you leave your previous position?”

  15. 15
    Posted by PasteSpecialFormats | November 3, 2010 at 8:55 PM

    Its not just that they suck (because they obviously do), its the really the multitude of ways in which they suck.

  16. 16
    Posted by Yea | November 3, 2010 at 8:56 PM

    United Ball Suckers?

  17. 17
    Posted by Anon | November 3, 2010 at 9:04 PM

    Sucks why? Am newb.

  18. 18
    Posted by Anon | November 3, 2010 at 9:09 PM

    nope, because the HY analsyt would work in NYC and not the Stamford office but thank you and come again, Henry Blodget.

  19. 19
    Posted by Joey Bag O' Donutz | November 3, 2010 at 9:12 PM

    if no one actually reads ubs research, does it really count ?

  20. 20
    Posted by guest | November 3, 2010 at 9:46 PM

    Does anyone have this so-called “note”? I’ve been trying to track it down to no avail…

  21. 21
    Posted by streetman | November 3, 2010 at 9:47 PM

    Wolfie can just call his best buddy BO and get back in

  22. 22
    Posted by EJL | November 3, 2010 at 10:46 PM

    it happens from time to time.

  23. 23
    Posted by Guest | November 4, 2010 at 12:06 AM

    Way to take suck to a never before seen level.

  24. 24
    Posted by IHateUBS | November 4, 2010 at 12:32 AM

    UBS has reached an all time low. Will the bank ever do anything right? Will they ever pay anyone? Are they really a bulge bracket or just some wanna be/has been piece of shit?

    UBS… U better split… if you ever want to work on anything decent or get paid… you shouldn’t work at that shit hole.

    If you are considering going to UBS… DONT… not only did they lose this deal, but you have seen all the crap they have done with employee expenses and not paying street average bonuses.

    If you are in b-school, don’t go to UBS, if you are at UBS, leave quickly. Enough said.

  25. 25
    Posted by Guest | November 4, 2010 at 1:22 AM

    The senior analyst works in the Stamford office and no he has not been fired… yet.

  26. 26
    Posted by Guest | November 4, 2010 at 1:22 AM

    The senior analyst works in the Stamford office and no he has not been fired… yet.

  27. 27
    Posted by Ubssucks | November 4, 2010 at 2:27 AM

    I don’t think its an all time low, because they are profitable now. However, how can you take yourself serious if you’re a BB and you can’t hang on to deals where RBC and BarCap have bookrunner roles?

  28. 28
    Posted by Anon | November 4, 2010 at 2:45 AM

    wow…

  29. 29
    Posted by Skeff Joglund | November 5, 2010 at 8:12 PM

    At UBS we put U before the BS.

  30. 30
    Posted by Skeff Joglund | November 5, 2010 at 8:12 PM

    At UBS we put U before the BS.

  31. 31
    Posted by guest | November 6, 2010 at 12:23 AM

    too bad it isn’t IG. Olesen is a complete jerk.

  32. 32
    Posted by Mporma | November 12, 2010 at 5:09 AM

    There’s going to be BIG problems with the GM IPO! Buy.. Buy.. Buy!!!!

  33. 33
    Posted by Bristol Airport Hotels | April 20, 2012 at 1:28 AM

    zMFvwh Im thankful for the article post.Really thank you! Great.

  34. 34
    Posted by best acoustic guitars reviews | April 25, 2012 at 5:55 AM

    I cannot thank you enough for the blog post. Much obliged.

  35. 35
    Posted by how to register a name | April 26, 2012 at 11:17 AM

    Fantastic article.Really looking forward to read more. Awesome.

  36. 36
    Posted by villas to rent in cyprus | April 26, 2012 at 1:45 PM

    I cannot thank you enough for the blog post.Really thank you! Fantastic.

  37. 37
    Posted by Buy Cheap Backlinks | April 26, 2012 at 4:12 PM

    Muchos Gracias for your blog post.Really thank you! Cool.

  38. 38
    Posted by photo on mug | April 26, 2012 at 7:25 PM

    Thank you for your article.Thanks Again. Much obliged.

  39. 39
    Posted by Hair store | April 27, 2012 at 6:59 AM

    Fantastic blog article.Thanks Again. Want more.

  40. 40
    Posted by chemiron | April 27, 2012 at 3:56 PM

    Awesome blog article.Thanks Again. Want more.

  41. 41
    Posted by y stolen | April 27, 2012 at 4:33 PM

    Very neat article.Really looking forward to read more. Will read on…

  42. 42
    Posted by group on | April 27, 2012 at 8:55 PM

    I really liked your blog post.Much thanks again. Fantastic.

  43. 43
    Posted by solicitors | April 27, 2012 at 10:54 PM

    Im thankful for the blog.Really thank you! Want more.

  44. 44
    Posted by online source payday | April 28, 2012 at 5:27 AM

    Awesome blog.Much thanks again. Keep writing.

  45. 45
    Posted by headlight clean | April 30, 2012 at 8:15 AM

    Enjoyed every bit of your article post. Will read on…

  46. 46
    Posted by party | April 30, 2012 at 5:08 PM

    Im grateful for the article. Really Cool.

  47. 47
    Posted by what is the quickest way to lose weight | April 30, 2012 at 6:34 PM

    I loved your blog post.Really thank you! Want more.

  48. 48
    Posted by foods that burn belly fat | April 30, 2012 at 7:25 PM

    Really informative post.Much thanks again. Really Great.

  49. 49
    Posted by http://topvacuumcleanerreviews.net | May 1, 2012 at 6:57 AM

    I really liked your article.Really looking forward to read more.

  50. 50
    Posted by insurance leads | May 1, 2012 at 11:18 AM

    Very good article.Really looking forward to read more. Great.

  51. 51
    Posted by social fan seller | May 2, 2012 at 1:32 AM

    A big thank you for your post.Really thank you! Want more.

  52. 52
    Posted by beats Mixr Headphones | May 2, 2012 at 3:15 AM

    I really enjoy the post. Really Cool.

  53. 53
    Posted by career search | May 2, 2012 at 4:37 AM

    Very good blog article.Much thanks again. Much obliged.

  54. 54
    Posted by metatrader-4 | May 2, 2012 at 7:34 PM

    Enjoyed every bit of your blog.Much thanks again.

  55. 55
    Posted by Jamaica helicopter taxis to Sandals Whitehouse | May 4, 2012 at 5:22 PM

    Very neat post.Really looking forward to read more. Fantastic.

  56. 56
    Posted by winchester personal drawer safe | May 5, 2012 at 12:45 AM

    Hey, thanks for the post.Thanks Again. Awesome.

  57. 57
    Posted by Sex | May 5, 2012 at 2:16 AM

    Say, you got a nice blog article.Really looking forward to read more. Fantastic.

  58. 58
    Posted by dr michael allen fat loss factor | May 6, 2012 at 4:43 AM

    I just could not leave your site before suggesting that I extremely loved the standard info an individual supply in your guests? Is going to be again ceaselessly in order to check up on new posts

  59. 59
    Posted by Relationship Advice | May 7, 2012 at 7:36 AM

    I loved your blog. Really Cool.

  60. 60
    Posted by digital artworks | May 7, 2012 at 9:04 AM

    Looking forward to reading more. Great blog article.Much thanks again. Keep writing.

  61. 61
    Posted by swingers clubs | May 7, 2012 at 12:49 PM

    wow, awesome article.Much thanks again. Really Great.

  62. 62
    Posted by how to make money fast | May 7, 2012 at 1:33 PM

    Thank you for your blog. Great.

  63. 63
    Posted by best hgh | May 7, 2012 at 2:35 PM

    Really appreciate you sharing this blog post.Much thanks again. Cool.

  64. 64
    Posted by iphone 4s unlocked | May 7, 2012 at 4:39 PM

    Awesome blog article.Really looking forward to read more. Fantastic.

  65. 65
    Posted by forex indicator | May 7, 2012 at 8:01 PM

    I truly appreciate this article.Thanks Again. Fantastic.

  66. 66
    Posted by gay porn | May 7, 2012 at 8:09 PM

    I am so grateful for your article post.Thanks Again. Keep writing.

  67. 67
    Posted by phone apps new zealand | May 8, 2012 at 2:36 AM

    wow, awesome blog post.Much thanks again. Keep writing.

  68. 68
    Posted by gratis annpnce | May 8, 2012 at 3:37 AM

    Im grateful for the article.Really looking forward to read more. Fantastic.

  69. 69
    Posted by gratis sexkotakte sex | May 8, 2012 at 5:07 AM

    Looking forward to reading more. Great blog post.Really thank you! Fantastic.

  70. 70
    Posted by Classifieds | May 8, 2012 at 7:06 AM

    I value the article post.Really looking forward to read more. Cool.

  71. 71
    Posted by oakley glasses | May 8, 2012 at 9:19 AM

    A round of applause for your post.Really looking forward to read more. Really Great.

  72. 72
    Posted by Phone | May 8, 2012 at 7:23 PM

    Im obliged for the blog article.Really thank you! Cool.

  73. 73
    Posted by Man Made Diamonds | May 8, 2012 at 10:24 PM

    I value the post. Really Great.

  74. 74
    Posted by hid arc lamp | May 8, 2012 at 11:59 PM

    Say, you got a nice blog.Really thank you! Fantastic.

  75. 75
    Posted by methamphetamine addiction | May 9, 2012 at 12:40 AM

    I really enjoy the article.Really looking forward to read more. Great.

  76. 76
    Posted by Window Curtains | May 9, 2012 at 9:19 AM

    Enjoyed every bit of your blog article.

  77. 77
    Posted by Business Auto Insurance Chicago | May 9, 2012 at 2:53 PM

    Really enjoyed this article.Really thank you! Awesome.

  78. 78
    Posted by psx | May 9, 2012 at 7:42 PM

    Say, you got a nice article post. Will read on…

  79. 79
    Posted by web development melbourne | May 9, 2012 at 10:58 PM

    Very good post.Really thank you! Want more.

  80. 80
    Posted by Penrith | May 10, 2012 at 2:14 AM

    Thanks for sharing, this is a fantastic blog article.Much thanks again. Cool.

  81. 81
    Posted by instrumental beat | May 10, 2012 at 10:22 AM

    Muchos Gracias for your blog article.Much thanks again. Will read on…

Newer Comments

Leave a comment

You can log in with your account or comment as a guest below.

   or