gm stock price today

GM Stock Price Today: GM IPO May Set New Records

Today is an important day for the automobile manufacturers, General Motors Co.

According to the latest reports, the morning share trading of Thursday has positive news for the company. It has been reported the price of the GM share has jumped by three dollars in the starting hours and is expected to move further. Share price, which was fixed at, 33 dollars initially, has now risen to 36 dollars, which is a good sign for the company.
Experts state, it is the goodwill of the company that has increased the demand of the General Motor Co.’s shares.

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General Motors: IPO stock price change

General Motors (GM) Stock Price Change From IPO

Second largest initial public offering ever in the United States.

General Motors Co. has started to sell $18.1 billions worth of shares on this said to be the second largest initial public offering ever in the United States capping a remarkable two-year turnaround which caused the company to beg for a government bailout in posting its profits in over six years.

The proceeds of the selling of shares of GM will help pay back the U.S. government for the $49.5
billion spent on its controversial rescue of the company which lost billions of dollars a year.

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gm stock

Investors take GM stock for a joyride

General Motors:
The auto giant's shares gain 3.6% in their first day of trading after its $20-billion-plus IPO.

General Motors Chief Executive Dan Akerson at the New York Stock Exchange, where GM shares closed at $34.19.

"This is just about the sweetest deal that they could have hoped for," said Sandeep Dahiya, associate finance professor at Georgetown University's McDonough School of Business. "They got a good price, they sold a lot of their shares, and they're not facing criticism that they sold out cheaply."

If the deal had faltered, new questions would have been raised about the government's ability to extract the rest of its money. And if the stock had soared on its first day, the administration could have been criticized for pricing the deal too low and not getting enough for taxpayers.

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