Topic: GM IPO Day

[Erik]

Yes, the day so many said would not come is here. At last check, the shares were up to $35.99 per share, up from the IPO price of $33.00. Should be an interesting day.

[carcrazy]

I believe we'll see a lot of speculation for the next little while (of course fueled by rumors and news coverage) until the dust settles.

[Weexy]

Well, if the shares don't take off, they can always try this:


Kia's stock more than doubles in 2010, due in part to... hamsters.

http://noir.bloomberg.com/apps/news?pid=20601109&sid=aMg5twfCSJJg&pos=10

[Mitlov]

The shares are going to sell just fine.  I don't think there's any doubt about that.  Even the harshest critics aren't saying anymore that nobody would buy the shares at a reasonable price; now they're just complaining that gasp Chinese companies are going to be buying many of them (SAIC, in particular, is waiting at the starting line).  Personally, I don't stay up at night worrying about Big Bad China, so that idea doesn't bother me any more than a Chrysler-Fiat partnership, but what do I know...

[Mike]

Well, if the shares don't take off, they can always try this:


Kia's stock more than doubles in 2010, due in part to... hamsters.

http://noir.bloomberg.com/apps/news?pid=20601109&sid=aMg5twfCSJJg&pos=10

I believe Richard Gere had a hand in this.....

[Erik]

Seems to be settling in at around 35.00

[Mitlov]

The first day of a new era for General Motors has ended. The automaker released its IPO this morning on the New York Stock Exchange, and after reaching a high of $35.85 around 10:45AM EST, the stock price slowly retreated back to earth and settled on $34.19 for a closing price. Sure, you might see a downward trending line on the above graph, but GM can celebrate the fact that its stock price still ended the day more than a dollar above the $33 at which the IPO was priced to kick things off, a respectable rise of 3.6%.

http://www.autoblog.com/2010/11/18/gm-stock-closes-at-34-19-after-first-full-day-of-trading/

[safristi]

NO MATTER the lovely sunsets........the whole GM Bailout was a TRAVESTY.............a President of the USA being DeFacto the President of GM.....having a say in who to fire and hire.....DUNNING BONDHOLDERS.....Pensioners.....allowing carryforwards that were before illegal.........and god knows what else I or the Gov forgot to fess up to......and they pull in $22Billion whoop de dooh..................so in other words if tha PREZ thinks its Copasetic why worry about BUSINESS LAW.............

[tenpenny]

NO MATTER the lovely sunsets........the whole GM Bailout was a TRAVESTY.............a President of the USA being DeFacto the President of GM.....having a say in who to fire and hire.....DUNNING BONDHOLDERS.....Pensioners.....allowing carryforwards that were before illegal.........and god knows what else I or the Gov forgot to fess up to......and they pull in $22Billion whoop de dooh..................so in other words if tha PREZ thinks its Copasetic why worry about BUSINESS LAW.............

Yeah, but that's okay because Korea has trade restrictions.

[Julie]

This is gonna be a stupid question, but can ordinary folk buy this stock?

[rrocket]

This is gonna be a stupid question, but can ordinary folk buy this stock?

Absolutely.  I ALMOST pulled the trigger on some.  But their Opel woes held me back.