Image via WikipediaNEW YORK |
(Reuters) - General Motors Co GM.UL pulled off the biggest initial public offering in U.S. history on Wednesday, raising $20.1 billion after pricing shares at the top of the proposed range in response to huge investor demand.
GM sold 478 million common shares at $33 each, raising $15.77 billion, as well as $4.35 billion in preferred shares, more than the initially planned $4 billion. More of the article here.
And click here for quotes from Republicans tearing down the deal that kept GM going. Note they are all silent today. Unlike Bush's TARP, management was thrown out as GM re-tooled.
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