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First day trading of GM deemed a success 11/18/10

http://hosted.ap.org/dynamic/stories/U/US_GM_IPO_STOCK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-11-18-18-12-36

By Bernard Condon; The Associated Press ~ Nov 18, 2010

 

NEW YORK (AP) -- GM's return to the public markets was a success.

 

That at least is the opinion of some market watchers who track initial public offerings like the one pulled off Thursday by the recently bankrupt General Motors Co. Sure, its stock only rose a little more than $1 from its offering price. But that apparently was plenty enough.

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