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November 18, 2010
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)
10:15 // 3 years ago
November 17, 2010
GM’s initial public offering does exactly what everyone expects
billion the amount raised by GM’s IPO earlier today (which is amazing, and the biggest ever)
billion the amount in preferred shares the company sold, far above the $4 billion anticipated
stake the amount of GM the government will still own after the IPO, down from 61 percent source
22:45 // 3 years ago