Stig Östlund

onsdag, november 17, 2010

GM prices IPO stock shares at $33‏

General Motors says its common stock will sell for $33 per share when its initial public offering takes place Thursday. The IPO brings the U.S. government closer to getting back part of the $50 billion it gave GM to help it through bankruptcy protection last year. The government and other GM owners will sell 550 million shares starting Thursday.

The IPO will be worth up to $18.2 billion, making it one of the largest in U.S. history.


Read more:   http://www.usatoday.com/money/autos/2010-11-17-gm-ipo-pricing_N.htm?loc=interstitialskip

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