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Tagged: auto bailout

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November 18, 2010

10:15 • 2 years ago

Tags: auto bailout bailout Dan Akerson general motors gm initial public offering ipo stock market 7 • Permalink

I don’t know where the market is going to be a year or two down the road, so I can’t make such a bold statement. Sure, I’m hopeful, and I’m not saying it can’t happen. I think the company is well positioned … so things look good for General Motors.

GM CEO Dan Akerson • Not committing to a full repayment of the taxpayers’ money from the bailout. It sounds like a hedging of the bets, honestly. If he says it now and the stock goes south, he’s on the record offering a promise he can’t keep. For what it’s worth, though, GM’s stock is doing boffo so far in its first day of trading, already up six percent in early-morning trading. source (via • follow)

November 17, 2010

22:45 • 2 years ago

GM’s initial public offering does exactly what everyone expects

Tags: auto bailout auto industry bailout cars general motors gm initial public offering ipo 2 • Permalink

$20.1
billion the amount raised by GM’s IPO earlier today (which is amazing, and the biggest ever)
$4.35
billion the amount in preferred shares the company sold, far above the $4 billion anticipated
33%
stake the amount of GM the government will still own after the IPO, down from 61 percent source

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