Breaking News***New GM Stock $33.00 - Dodge Nitro Forum
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post #1 of 1 (permalink) Old 11-17-2010, 04:24 PM Thread Starter
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Breaking News***New GM Stock $33.00

*** Breaking News***

DETROIT (AP) - 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.
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