GM Shares Top Level Not Seen Since 2011
Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.
GM IPO
General Motors' IPO Nets Another $1.8 Billion for the U.S. Treasury
General Motors' initial public offering two weeks ago netted an additional $1.8 billion for the U.S. Treasury Department following the sale of additional stock.
The New GM Could Put Investors in the Fast Lane
After its near-miraculous emergence so quickly from bankruptcy, the new GM will certainly make big bucks for investors if it fulfills its potential to beat sales forecasts and earnings expectations. And, no, it wouldn't take another miracle.
Banks Make GM IPO the Largest Ever
The General Motors IPO is now the largest ever, following the expansion of the offering by the underwriters.
GM IPO Brings In $11.7 Billion for the U.S. Treasury
The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Troubled Asset Relief Program.
Ford vs. GM: The IPOs of a Changing America
GM's IPO generated great excitement among investors, and it drew attention to how much the auto industry has changed. Less than 60 years ago, on Jan. 17, 1956, Ford Motor had its own IPO -- the largest in history up to that time. Back then,U.S. industrial might was the envy of the world, and American cars sat atop the automotive pyramid.
GM's Chevy Volt Named 2011 Green Car of the Year
General Motors' Chevrolet Volt, the plug-in hybrid electric vehicle set to debut in the U.S. next month, won Green Car Journal's 2011 Green Car of the Year award Thursday, beating out the Nissan Leaf, Lincoln MKZ Hybrid, Hyundai Sonata Hybrid and Ford Fiesta.
Stocks Vault as Ireland Fears Wane and GM Debuts
On Thursday, stocks clawed back nearly of the week's prior losses. Lifting investors' spirits were an easing of concerns over Irish debt, GM's massive IPO and some surprisingly positive economic reports.
Was Washington Right to Bail Out GM and Wall Street?
Historians will look back on Washington's bailout of GM and Wall Street as the right move. That's because it's now clear that the costs of doing nothing would have been far higher, and it turns out that taxpayers may suffer only limited losses on this economic Hail Mary pass.
The Highest-Grossing
Global IPOs of All Time
When all is said and done, General Motors could easily vault to the top of the list, surpassing Visa's IPO as the biggest U.S. company offering, and beyond Agriculture Bank of China as the biggest ever in the world. Here's a look at the other top-grossing IPOs.
Chrysler IPO Still Slated for Next Year
Fiat is still planning to spin off the American carmaker late next year, but the road to an IPO could be bumpy.
General Motors Boosts IPO Price Range by 14%
Shares of General Motors are set to begin trading again Thursday, just 16 months after the automaker emerged from bankruptcy protection. Investor demand prompted GM to hike the price range for common shares to as much as $33.
GM to Raise Its IPO Price Range
In its initial public offering Thursday, General Motors will raise its price range and offer more shares than previously expected, according to an Associated Press story citing an anonymous source.
Demand for GM IPO: Was the Price Set Too Low?
There is already $60 billion worth of orders for the GM IPO. The tremendous demand indicates that the pricing on the IPO was set too low.
GM IPO Isn't Closing Early, Goldman Sachs Says
Goldman Sachs Group won't stop taking orders for General Motor's initial public offering at noon Friday, the investment banking giant now says, despite an email sent by the bank to clients on Thursday that said it would, Dow Jones Newswires reports.