GM IPO $33 –

The initial public offerring of General Motors is expected to be priced at $33 per share.  The $33 offer price would raise almost $16 billion dollars and that figure would climb to almost $23 billion after the sale of preferred shares.  GM is primarily owned  by the U.S. government which has a 61% share in the company.

To read a related Wall Street Journal article, please click here:

http://online.wsj.com/article/SB10001424052748704648604575620692380343542.html?mod=WSJ_hp_MIDDLETopStories

Jim Sutliff

This entry was posted in Banking, General, Investments, Options & Futures, Stocks. Bookmark the permalink.