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Thread: GM has largest IPO in US history
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11-18-10, 08:40 PM #1
GM has largest IPO in US history
Over $20 billion made.
FT.com / Companies / Automobiles - GM raises $20.1bn in largest US IPO
The bailout saved 1.4 million jobs.
Federal auto bailouts reportedly saved 1.4 million jobs | detnews.com | The Detroit News
Looks like the bailout many here were poo-pooing worked out fantastically. It revitalized GM and saved over a million jobs. What more could you ask for?
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11-18-10, 09:07 PM #3Re: GM has largest IPO in US history
And while I agree it is awesome news at least according to Reuters the government is still on the hook for a third for the company.
The U.S. government's stake in GM will drop to about 33 percent from 61 percent if all available shares are sold.
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11-18-10, 10:01 PM #7
Re: GM has largest IPO in US history
SAIC bought slightly less than 1%.
China's SAIC buys nearly 1 percent stake in GM - Yahoo! News
That's all I found, and don't see anything wrong with it.
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11-18-10, 10:19 PM #9Re: GM has largest IPO in US history
I heard today on the news it was the 2nd largest in North American history just after Visa's little share issue in 2008.
See if i can find a link.
Ehhh couldn't find much just the last line in this link.
http://www.cbc.ca/money/story/2010/1...m-ipo-tsc.htmlLast edited by -Sauso-; 11-18-10 at 10:21 PM.
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11-18-10, 10:31 PM #10
Re: GM has largest IPO in US history
Depends what measure you use. Going by total dollar value, GM is number one by what looks like quite a bit.
Motor City Today: So how big is GM’s IPO? | freep.com | Detroit Free Press
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