Iconic American automaker General Motors (GM) made its historic return to the stock market Thursday with what's shaping up to be the largest initial public offering in history.

The carmaker sold about 478 million shares for $33 a share, raising at least $18 billion. Throw in the value of preferred shares and other options, and the IPO is likely to reap a global record of at least $22.7 billion. GM returned return to the New York Stock Exchange (NYX) under its old ticker, GM. Shares popped 9% soon after the opening bell.

Not only would the GM IPO eclipse the previous U.S. record held by Visa (V), which raised $19.65 billion in March 2008, according to data from Thomson Reuters, it would become the biggest on the planet (not adjusted for inflation). The previous record of $22.1 billion was raised by Agriculture Bank of China just four months ago (see table below).




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joaquinabco

MADOFF SAYS WHAT?

November 22 2010 at 4:05 AM Report abuse rate up rate down Reply
joaquinabco

MADOFF SAS WHAT?

November 22 2010 at 3:16 AM Report abuse rate up rate down Reply
Don

I can't believe the stupidity of some of the anti GM comments on this site! People, we have our tax dollars invested in this company....whether it was a good or bad decision is irrelevant, the fact is we have invested in GM. To openly root for their failure is like shooting yourself in the foot. Look at it this way....would you go to your broker, invest heavily in a stock and then hope it goes down? That is the logic that the anti GM people are using!

November 18 2010 at 3:44 PM Report abuse +3 rate up rate down Reply
1 reply to Don's comment
GARY

Rakovic you are right on the money, I think these people are the product of the dumbing down of America, a stupid American public is easy to control, GM as a company is part of the reason we as Americans enjoy the freedom we have today, how is that you ask ? Consider this, how do you think this country would look like today if Hitler's, Germany, Japan and Italy would have won world war 2. GM converted it's plants to make many different war materals from shells to engine, tanks etc. Now when GM is in trouble America turns it's back,and support foreign car companys. history can and does repeat itself, with no manufactory base we are easy pickens.

November 18 2010 at 5:35 PM Report abuse +1 rate up rate down Reply
ken B.

Boycott GM products after IPO (initial private offerning). Buy a FORD product They didn,t screw you out of tax money!

November 18 2010 at 2:29 PM Report abuse -4 rate up rate down Reply
1 reply to ken B.'s comment
Denice

Idiot, its initial PUBLIC offering

November 19 2010 at 6:20 PM Report abuse rate up rate down Reply
apparelp

I would not touch this company. They stole from the tax payers to bail out the UAW and now who is reaping the glory? The cars suck and are horribly ugly. In this day and age why is GM selling huge muscle cars anyhow? I did not realilze we are back in the 1970's What is it they DO NOT GET? Shame on any American who supports GM and the UAW!

November 18 2010 at 12:41 PM Report abuse -1 rate up rate down Reply
Yvonne

I dont think they should have the right to sell stock when everybody in the old stock got screwed. The new stock should be going towards the old stock. I feel as if they stole from us.

November 18 2010 at 12:11 PM Report abuse +3 rate up rate down Reply
jimbo13134579

All I can say is good luck to all of you folks that jumped in to GM stock after the company filed for bankruptcy, borrowed billions from the government (our money)and wiped out all the value of their original stock value, e.g. your money. Give GM 3 more years and they will be filing for bankruptcy again and the whole darn mess starts all over again. And, guess who loses. You do if you hold on to this loser company stock. JMO

November 18 2010 at 11:48 AM Report abuse -4 rate up rate down Reply
1 reply to jimbo13134579's comment
ken B.

AGREED. They could,t run the apple pie factory before, why should we think they won,t come running with another open hand looking for a GV. hand-out again, I wouldn,t even consider buying from GM again. GOOD-BYE

November 18 2010 at 2:34 PM Report abuse rate up rate down Reply
Richard

When the excitement goes down, many will sell and take a small profit, stock price will come down and then we wait for the next earnings report, stock will bounce around and probably level off at 20.00 if gm makes money, lots of buyers will lose money if they bought in on day one.

November 18 2010 at 11:43 AM Report abuse +1 rate up rate down Reply
rpaul20988

That is so good....lets see, cheated the stock holders out when the White House bailed them, gave stock to the union, saved them with tax dollars and now all benefit except the ones that were originally invested and the tax payers that bailed them out....same as the banks.... BS, all of it....GREED

November 18 2010 at 11:20 AM Report abuse -1 rate up rate down Reply
madmilker69

A $18 stock...enough said.

November 18 2010 at 10:20 AM Report abuse rate up rate down Reply