News In Brief

GM gets ready to go public

Kai Ryssdal Nov 17, 2010

This final note today, offered in our collective capacity as the owners of General Motors. GM priced its initial public offering this afternoon: 478 million shares at $33 apiece, right about at the top range of earlier guesses.

In all, counting some other preferred shares, that’s about $22 billion to the company. When shares start trading tomorrow, the IPO will take the U.S. government’s stake in GM down to about 26 percent, from the 61 percent it’s at right now.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.