Today has seen General Motors – also known as GM – start trading on the NY Stock exchange on IPO day, you should be able to see the GM stock price today on Market Watch. The initial public offering has set records, which analysts expect GM to raise around $23 billion that could be marked as the largest IPO in the world.
General Motors has had a tough time of late, and Chris Liddell (GM’s CFO) said he was “appreciative” towards those that stood by GM during this period. The stakeholders that stuck with GM should be happy with the results today, which have seen an increase at around 31 percent in their public offering.
Following on from the GM IPO date being set for final terms and stock price being set at $33 per share, we thought it would be good to take a closer look on “IPO Day”. Manikandan Raman over at Ibtimes.com asked if the blockbuster GM IPO would be enough? What are your thoughts on this? You can read their full article here, which looks at the potential of a speedier payback by General Motors to the U.S. treasury, and the article looks at the new GM owners that include Chinese state-run firms.
We should see the stock trade under GM’s symbol, and with car sales increasing the future looks good for GM but getting too relaxed could see problems creep up on them. Read more about GM’s IPO on ibtimes.com. What do you think GM’s next move should be?