That's $39.15 higher than the peak price of the old GM's shares, in 2000, during the peak of the boom in pick up trucks, The Wall Street Journal said.
The depressed auto market could make it difficult for the government to recoup its investment.
"If GM has good products in the pipeline and the market takes off, there would be a better chance," Stephen Spivey of Frost & Sullivan's Automotive & Transportation practice told The Wall Street Journal. "If you're betting today, the chances aren't great."
GM received $49.5 billion of taxpayer money to help it reorganize. The company has paid back $6.7 billion in cash, $2.1 billion was converted to preferred shares and $1 billion went to wind down the old company. The remaining $39.7 billion was converted into a 61% into the automaker.
These figures don't include interest and dividends.