“Government likely to make $13.6 billion in IPO by selling 412 million of its 912 million common shares at $33 each. This assumes bankers exercise options for more shares.”
Ha ha, what a laugh. $33/share!!! Who in their right mind would pay such a sum. GM is penny stock class.
Any Bank that would purchase GM shares at $33 would show they care not a wit about their depositors money and said depositors should pull their accounts from any bank if such a deal were to occur.
Please, who are the idiots that are going to buy GM stock. GM will be bankrupt again within 3 years.