GM Share Offer Bolts Out of Gate: $33 Per Share

After bankruptcy, a high-profile delisting, and a controversial government bailout, the new General Motors Co. priced its initial public offering of 478 million shares at $33 each on Wednesday amid high demand. The price tag makes it one of the largest IPOs in U.S. history, raising as much as $23 billion with preferred shares included. The shares begin trading Thursday. The new GM has far fewer workers and car models, and despite the high interest in the share offer, there's still much to be...Full Story
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