After unexpectedly strong interest from potential investors made itself apparent, formerly-bankrupt carmaker GM raised its initial price on last night's stock offering to $33/share. This morning, the auto giant helped start off the NYSE with a Comaro's horn. Selling at $33/share should potentially net GM more than $23 billion, and allow it to pay back half of the money still owed taxpayers and the Treasury Department after last year's automaker bailout.
Louise Story, Wall Street and finance reporter for our partner, The New York Times, has been watching the preparations for this IPO and GM's resurgence over 18 months of bankruptcy.
Defining Normal After a Diagnosis of Schizophrenia, The Mayor of Oklahoma City, A New Kind of Commencement Speech
The DSM and Mental Health in America
Lessons From a Female Union Electrician
Diplomatic Damage Caused by Drone Strikes, In Defense of the DSM-5, Bob Woodruff's Advice for New Grads
Defining Normal After a Diagnosis of Schizophrenia
The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
Major funding provided by:
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.