GM readies market return after blockbuster IPO
Saturday, 20 November 2010
LONDON, Nov 19 (Reuters): General Motors (GM) Co prepared for a dramatic return to the stock market Thursday with what is set to become the world's largest initial public offering, less than a year and a half after emerging from bankruptcy.
GM shares (GM.N) GMM.TO were set to begin trading on the New York and Toronto stock exchanges, capping the first stage of a turnaround that has taken the 102-year-old automaker from near-death in 2008, via a 2009 bailout, to unlikely Wall Street flotation favourite in 2010.
GM shares (GM.N) GMM.TO were set to begin trading on the New York and Toronto stock exchanges, capping the first stage of a turnaround that has taken the 102-year-old automaker from near-death in 2008, via a 2009 bailout, to unlikely Wall Street flotation favourite in 2010.