IPO Recap & Facts: GM IPO Raised $20.1 Billion, Cut Treasury’s Stake Nearly In Half

When General Motors held its IPO last week, it raised $20.1 billion, becoming the largest IPO in U.S. history. The sale significantly cut the government’s stake in The General to 37 percent, nearly halving the Treasury’s ownership.

GM shares, which are traded under GM’s old ticker symbol GM on the New York Stock Exchange, opened with a 6 percent jump on the $33 set price. The shares are also available on the Toronoto Stock Exchange under the symbol GMM.

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