Is GM ready to go public again?

If all goes according to plan at General Motors, shares of the company’s stock will soon be trading once again on the New York Stock Exchange. The automaker, which declared bankruptcy in 2009 and is today 61 percent owned by the U.S. government, hopes to raise $16 billion in the second-largest IPO in U.S. history. The company is making the move after announcing a $1.3 billion second-quarter profit and a new chief executive. But, with the economy mired in a prolonged slump, critics are wondering whether now is the right time for GM to go public: (Watch a PBS report about the state of GM)

Too soon… More

View full post on All Stories

Both comments and pings are currently closed.

Leave a Reply

Powered by WordPress | Designed by: video games | Thanks to Wachdienst, Trucks and SUV