GM To Release Stock Offerings Today
General Motors is expected to raise over 23-billion dollars after releasing its public stock offerings today.
GM CEO Daniel Akerson rang the bell to open trading on the New York Stock Exchange, making the company’s stocks available for public trading. Eager investors lined up for the potentially record-setting stock offering. GM stock is priced at 33-dollars a share, compared to just 75-cents a share when the company filed for bankruptcy in June of 2009.
KXNT Morning News spoke to Steve Goldstein, MarketWatch Washington Bureau Chief to learn more.