Deals wrap: GM debuts

November 18, 2010

A General Motors dealership is seen  in Vienna, Virginia, May 27, 2009. REUTERS/Jim Young   General Motors prepared for a dramatic return to the stock market with what is set to become the world’s largest initial public offering, less than a year and a half after emerging from bankruptcy. “I think it shows that investors think that the worst is over and I agree,” said Morningstar analyst David Whiston about the oversubscribed IPO.

Small investors are clamoring for a piece of General Motors but financial advisers are not confident they will be able to satisfy client demand. The U.S. government says it has achieved its objective and is prepared to relinquish majority ownership in the resurgent carmaker.

View a factbox on GM’s share offering.
View a graphic on how GM’s IPO stacks up against the biggest.
Read an analysis on the outcome for taxpayers.
View a slideshow of GM though the ages.

One comment

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It is great to see GM back on the NYSE. With all the news about GM, here’s a good article on how Ford’s finance team helped keep it out of bankruptcy:  /comments-on-credit/archives/568

Posted by allaroundguys | Report as abusive